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Platinum prices just surged to their biggest monthly gain in nearly 40 years. Watch this to see what comes next. - MarketWatch

1. Platinum prices surged over 27% in June, the highest in 40 years. 2. Supply shortages contribute to the metal's price rise since 2023. 3. Market analysts suggest potential 'blow-off top' indicating price corrections ahead. 4. Futures market shows contango, suggesting less concern over supply and demand. 5. World Platinum Investment Council predicts ongoing supply deficits into 2025.

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FAQ

Why Bearish?

While platinum prices rose sharply, analysts warn of a potential price drop based on technical indicators like ‘blow-off top’. Historical instances show that such spikes often precede corrections.

How important is it?

The article discusses platinum prices directly affecting PLV25, yet suggests bearish technical signals could lead to price corrections.

Why Short Term?

The near-term market signals and trading patterns indicate a potential correction may occur soon.

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