The post Platinum And Palladium Hold Strong After Explosive Rally appeared on BitcoinEthereumNews.com.

The traders of precious metals are still interested in platinum and palladium, as both resources are above critical support levels. Although some pullbacks have occurred, the general form is still there, and modern consolidation is being considered one of the possible patterns of continuation. Platinum Gains More Than $2,100 Following Parabolic Growth Trading Economics shows that platinum is trading at approximately $2,176 per ounce, and it has climbed by approximately $107, or 5.19%, during the most recent session. This holds the price significantly higher than previous cycles of around $950 per ounce and proves a significant repricing of a stage. The long-term model has demonstrated an extended bullish domination in spite of the recent turbulence. A chart from TradingEconomics shows the most powerful leg was formed at the end of 2025 and the beginning of 2026. The price of platinum sprang above its value of approximately $1,700 per ounce and shot sharply to $2,800 per ounce. This fast growth was indicative of good momentum inflows and breakout purchasing. The rally, however, cooled down, and the price moved back to the zone between $2,100 and $2,200 per ounce. However, consumers are still protecting the $2,000 per ounce psychological mark, which makes the bullish trend intact. The present rebound of the price to around $2,176 per ounce implies that the demand is still higher. The traders can expect to test a higher level of resistance as long as the price remains above the level of $2,100 per ounce, and a lower level of $2,000 per ounce would herald the downside risk. Palladium Gathers Around $1,780, With A Higher-Low Structure Furthermore, palladium is also trading at an average price of about $1,780 per ounce, which is increasing by some $84, or 4.95%, as per Trading Economics reports. The larger chart depicts a slow…

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Filed under: News - @ February 22, 2026 10:16 pm