South African labor strife was an important catalyst in lifting palladium and platinum prices earlier this year. While the country has a history of mining labor strikes, the currently calm labor situation there is a headwind for platinum futures and PPLT. [Platinum ETFs Play Catch Up]
“Even a modest Chinese slowdown has the capacity to drive prices of these metals lower, and we believe those concerns have led to the sharp price falls,” said HSBC according to the Economic Times.
iShares Silver Trust
