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Platinum Futures Fall 6.48%, Palladium Declines 5.67% on May 15 as Silver Selloff Weighs

GateNews
Metals
XPT-0.3%
XPD-0.61%
XAG-1.94%

According to Guotai Futures, on May 15, platinum futures fell 6.48% to close at 499.05 yuan per gram, while palladium futures declined 5.67% to 345 yuan per gram on the Guangdong Futures Exchange. Both metals broke through key support levels as a broader selloff in precious metals weighed on the sector. Silver’s sharp decline drove the downturn, with platinum and palladium experiencing steeper losses due to thinner liquidity. Stronger-than-expected inflation data and hawkish Federal Reserve signals reinforced expectations for sustained higher interest rates, pressuring the industrial demand outlook for both metals.

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