At the start of Friday morning's US trading, the April platinum contract is under some moderate pressure but remains close to the recent 5-month highs. Some traders feel that platinum seems to be exhibiting weakness relative to silver this morning, although the market should find some mild outside market support from today's activity in equities and the Dollar. Like the rest of the metals markets, platinum is probably looking for something positive from US economic data this morning to underpin prices. Other traders feel the ongoing strike at the Impala mine is South Africa may have been discounted by the market, as a brokerage firm overnight suggested that the platinum market could still have a global surplus condition ahead despite the strike.
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