Current Developments in the Commodity Market
Metals
- Palladium: The palladium price rose by 12.38%, reaching a two-year high. This increase is driven by political uncertainty, prompting investors to seek safe investments. The position remains intact, with profits being secured.
- Silver: The silver price increased by 5.22%, reaching a thirteen-year high. This is due to strong demand for tangible assets in a politically uncertain environment. Large traders maintain their net long positions, indicating a positive overall outlook.
- Platinum: The platinum price rose by 4.26%, supported by tariffs, supply deficits, and relative undervaluation. Seasonality supports the upward trend until the end of July.
Energy
- TTF Natural Gas: The price for TTF Natural Gas increased by 7.22%. Heatwaves, storage deficits, and geopolitical adjustments support the market. The technical setup remains intact, justifying further purchases.
Relevance for Private Investors
The strong price trends in the metals and energy segments offer potential investment opportunities for private investors. The DCX index near its all-time high signals high momentum in the commodity market. However, investors should also be aware of potential risks such as geopolitical tensions and seasonal corrections.
Long-Term Perspective
In the long term, the outlook for metals and energy remains positive, as geopolitical tensions and the search for safe investments support demand for these commodities. Short-term corrections, such as those that have historically occurred in August, should not be seen as signs of a trend reversal.