Platinum and Palladium Get a Lift from ETFs

Platinum and palladium prices are climbing higher thanks to the recent introduction of two new ETFs according to a WSJ article by Matt Whittaker and Carolyn Cui.

The ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL) began trading on January 8.  Since that time, both funds have each accumulated 100,000 ounces of the metals commonly used by the automotive industry for catlytic converters.

Thanks in part to the demand created by the new funds, prices for both metals have risen steadily since the beginning of the year.

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