Sprott Physical Platinum & Palladium Trust

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The full company name is Sprott Physical Platinum & Palladium Trust.

Gold and silver surged in 2024, with silver up 30.6% and gold 27.22%, while platinum and palladium saw declines. Lower U.S. interest rates and potential dollar weakness could support higher platinum and palladium prices, despite current bearish trends. The Sprott Physical Platinum and Palladium Trust offers value at around $10 per share, consolidating amid low liquidity and potential future rallies.

Update On SPPP As Platinum And Palladium Prices Stabilize

TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to US$50 million of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Platinum and Palladium Trust Updates Its “At-The-Market” Equity Program

Platinum and palladium prices have struggled to surpass $1,000 per ounce recently, with palladium experiencing a significant decline since reaching a record high in 2022. Gold and silver have been in bull markets, with silver reaching its highest price in nearly 12 years and gold hitting a new record peak. The Sprott Physical Platinum and Palladium Trust invests in physical platinum and palladium, providing exposure to these metals in standard stock market accounts.

SPPP: Platinum Group Metals Remain Under Pressure

Palladium prices experienced a significant decline in 2023, but may offer value in 2024. Platinum prices remained weak in 2023 but outperformed palladium. Four factors, including COP28 and supply concentration, support a potential rally in platinum and palladium prices in 2024.

SPPP: A 2023 Beatdown Led To A Recovery

Platinum group metals (PGMs) include iridium, osmium, palladium, platinum, rhodium, and ruthenium, and they have high melting points, heat and corrosion resistance, and unique catalytic properties. Palladium has been in a bear market since reaching a record high in March 2022, while platinum has been in a brutal bearish trend since its all-time high in 2008. PGM supplies come mainly from South Africa and Russia, with Russia producing the most palladium and South Africa producing the most platinum. PGMs have various industrial.

PGMs- A Contrarian Approach With SPPP

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June's Fed pause could make way for more rate hikes, but potentially at a lesser pace. Despite that, a precious metals index is showing signs of bullishness despite prolonged sideways movement.

Precious Metals Index Hints at Bullishness Despite Hawkish Fed

The U.S. Dollar Index has been trending lower since late 2022, paving the way for a precious metals rally in 2023. The last few months in particular have seen strength in the World Bank's precious metals index.

Precious Metals Index Rallied in the Past 3 Months

As the capital markets await on a Fed pause on rate hikes, gold and palladium have been ticking higher. A pause may signify that eventually monetary policy easing could emerge as was expected heading into 2023.

Gold, Palladium Prices Tick Higher as Markets Await Fed Pause

Platinum and Palladium prices look set to jolt amid an underestimated supply-side problem in South Africa and an enhanced global industrial production outlook. With a nearly equally-weighted portfolio of physical Platinum and Palladium, Sprott Physical Platinum & Palladium Trust provides investors with the ideal opportunity to capitalize on PGM prices.

SPPP: Betting Big On Platinum And Palladium

Platinum remains in a funk. Platinum has underperformed other precious metals for years. Palladium exploded to new record highs in 2022 before imploding. The demand remains strong.

SPPP: An ETF That Holds The Leading Platinum Group Metals

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Gold hit its lowest levels in two and half years as a hawkish Fed and a global central bank trend toward rate hikes and tighter monetary policy continue to dampen the yellow metal at a time when it should be thriving.

With the Market Seeing Red, Investors Should Be Seeing Gold

Gold, silver, and other precious metals started Friday off hot as the U.S. dollar finally dipped in strength. Gold, silver, palladium, and copper futures all saw modest bumps.

Gold and Other Precious Metals React to Dollar Dip

TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to US$100 million of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program

Palladium and platinum are at a crossroads as the situation in Russia has led to an unusual dislocation between the two main palladium markets. This price dislocation is not unlike the 2020 precious metals market chaos from when the start of the pandemic grounded flights and forced a number of shutdowns.

Palladium and Platinum Situation Creates Chaos, Opportunity

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Russia's invasion of Ukraine and resulting sanctions on Russia are putting pressure on several sectors including commodities. Two precious metals that could be affected by the global crisis are palladium and platinum.

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Wall Street was downbeat last week as geopolitical tensions continue to linger along with Fed rate hike worries.

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The S&P 500 and the Nasdaq just saw the worst week since March 2020. Still, these ETF areas were up at least 5% last week.

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Given its use in semiconductors, palladium has seen increased demand that correlates with heightened demand for chips, especially in Asia, where it has surpassed gold. Supply chain issues have been racking Asia, but manufacturers of computer chips are back in business, even with the latest COVID-19 variant, Omicron, lurking in the shadows.

Palladium Surpasses Gold in Asia as Demand Increases

Gold and silver aren't the only precious metals that have had an oddly muted year and are now poised for a comeback. Platinum and palladium could be on the cusp of a big breakout as well.

Don't Sleep on Platinum and Palladium

Ask palladium traders, and they'll tell you that the semiconductor shortage isn't just punching the automotive industry in the gut. There could be signs of life, however, with a recent technical rebound amid a rallying dollar.

Palladium Prices See Technical Rebound as Dollar Continues Rally

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May was a big month for metals, with lots of interesting developments. Here's the current state of gold, silver, copper, platinum, and palladium.

The Metals Roundup for the Month of May

Amid strong demand, palladium prices are notching record highs, fueling the Sprott Physical Platinum and Palladium Trust (NYSEArca: SPPP) in the process. SPPP provides “a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium.

Palladium Prices and Demand Are Still Off the Charts

Go-go days are here again for palladium as the metal is notching record highs on what feels like a regular basis. Obviously, that's good news for the Sprott Physical Platinum and Palladium Trust (NYSEArca: SPPP).

SPPP Looking Superior as Palladium Powers Higher

Palladium and platinum shouldn't be overlooked in the precious metals conversation as both could be poised for substantial upside in the back half of 2021. Enter the Sprott Physical Platinum and Palladium Trust (NYSEArca: SPPP).

Plenty of Platinum and Palladium Perks with the SPPP Trust

Palladium could be on the cusp of a dramatic leg higher, increasing the allure of the Sprott Physical Platinum and Palladium Trust (NYSEArca: SPPP). SPPP provides “a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium.

News for Sprott Physical Platinum & Palladium Trust ETF (SPPP)