Silver, Platinum and Palladium – More than Precious Metals
May 22, 2019
Speakers: Ed Coyne, Senior Managing Director joins Maria Smirnova, Senior Portfolio Manager, and Shree Kargutkar, Portfolio Manager.
Summary: In this webcast, we explore the key benefits of the white precious metals, silver, platinum and palladium. They join gold (the “yellow metal”) to complete the quartet of the world’s most precious metals. Although gold tends to overshadow them, the white precious metals have the same potential to hold an essential role in an investor’s portfolio. Like gold, these metals offer an alternative to traditional investment assets and provide unique diversification benefits. Silver, platinum and palladium are also key drivers in new frontiers of industry and technology, including innovations in solar photovoltaic energy, automotive applications for both electric vehicle technology and ICE catalytic converter applications.
- Silver investor sentiment is at a bottom, and at $15 we see tremendous upside potential
- Silver demand reached a 3-year high in 2018, but supply fell short
- Industrial applications account for nearly 60% of demand; we see significant growth potential from electric vehicles and solar photovoltaics
- Platinum and palladium are critical metals for the automotive industry
- Palladium has been on a meteoric price rise since 2016
- Supplies of both metals are very constrained, while demand continues to grow
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