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Area near $1,470 may act as ‘magnet’ for platinum ahead of options expiry

Posted on 19 March 2014

The areas around $1,470 for platinum and $770 for palladium potentially could act as magnets ahead of options expirations this week, traders said. Settlement for Nymex April platinum and palladium options is Wednesday. More options expiries occur next week, with Comex gold and silver expirations set for March 26.
Analysts said the number of open positions in options for platinum and palladium are small relative to the market and also compared to gold, thus expiries may not affect these metals as much as is the case for the yellow metal………………………………………..Full Article: Source


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