TD’s Melek Sees Platinum at $1,600, Palladium at $860 in 2015


At the precious metals panel6 that rounded out Cambridge House International’s 2015 Vancouver Resource Investment Conference7, most of the discussion focused on gold8 and silver9.

However, moderator Rob Levy did ask panelists one question about the platinum group metals (PGMs). Although only two of the four panelists offered answers — Bart Melek, TD Bank’s head of commodity strategy, and David Morgan10 of the Morgan Report — it was interesting to get some insight into what this year may hold for PGMs.

Though palladium12 outperformed platinum in 2014, Melek still favors platinum out of the two metals and suggested that the metal’s price could hit $1,600 by the end of 2015.

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