Precious metals continue recovery. Platinum halted declines last week and strong rebound can be spotted this week. Precious metal gained 2.25% yesterday and is gaining another 1.7% today. Taking a look at the chart from a technical point of view, we can see that key support at $1,130 has been defended. The area is marked with the lower limit of the Overbalance structure, 50 SMA and previous price reactions. According to classic technical analysis, an upward move towards recent local highs at $1,310 may be on the cards now.
PLATINUM at D1 interval. Source: xStation5
Morning Wrap: Records on Wall Street in anticipation of the opening of the Strait of Hormuz (16.04.2026)
Daily summary: The market pauses at the top
BREAKING: First U.S. inventory decline in two months, mainly due to record exports
True extension, earnings and central bank talk
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
