Platinum markets ETF's see inflows

The holdings in platinum ETFs have actually risen since the start of the year. 

The recovery movement enjoyed by platinum and palladium yesterday is also proving short-lived, both prices likewise finding themselves back under pressure as trading gets underway this morning. 

Platinum has declined in price to a good $960 per troy ounce, while palladium has fallen to just shy of $620 per troy ounce. 

In contrast to gold, platinum and palladium ETFs saw inflows of 22,800 and 8,900 ounces respectively yesterday. In other words, holdings in platinum ETFs have actually risen since the start of the year. 

"Without these ETF inflows, the platinum price would doubtless be trading even lower", says Commerzbank.