Aberdeen Standard Physical Platinum Shares ETF [PPLT] Stock Forecast

Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Platinum prices have declined by 8% in 10 months, making it appear to be a bargain compared to other precious metals. The platinum market is experiencing a deficit in supply, but economic concerns and rising interest rates have prevented a significant rally. The geopolitical landscape, particularly the ongoing war in Ukraine, threatens the supply of platinum from BRICS countries, which dominate worldwide production.

PPLT is a convenient tool to match the dynamics of platinum without physically holding the precious metal. The dynamic of platinum prices has reflected China's economic recovery since the beginning of the year. I recommend a Hold action of PPLT's shares, due to mixed expectations of China's recovery and other risk considerations mentioned in the article.

April brings with it seasonal tailwinds for the equity world. Digital Assets, Sugar, Platinum, Biotech and Homebuilding were clear winners in the month.

In a somewhat surprising turn, biotech and life sciences-focused ETFs were the driving themes in the last week's top-performing ETFs, with the ALPS Medical Breakthroughs ETF (SBIO) leading the way with a 10% return.

Platinum is rising to new highs. Discover why this under-owned and undervalued metal might be your next investment opportunity.

The price of platinum has been on the rise lately on surging demand and tight supply conditions. This has sent a few platinum ETFs to new highs.

For investors seeking momentum, abrdn Physical Platinum Shares ETF PPLT is probably on radar. The fund just hit a 52-week high and is up 32.7% from its 52-week low of $76.09 per share.

Latest CFTC Data shows the largest net speculative short position on record. Current data is a month behind, and we expect it to be even larger.

Palladium positioning is at extreme short levels not seen in the past decade. While Palladium's long-term future has big question marks, we think short term, there are good fundamental reasons for a price rise.

Aberdeen Standard Physical Platinum Shares ETF is a US stock and trading under the symbol PPLT

Aberdeen Standard Physical Platinum Shares ETF stock price is $83.925 today.

Yes, Aberdeen Standard Physical Platinum Shares ETF is a publicly traded company.