Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
13 May 2025

Silver, Platinum and Palladium also decline – Commerzbank

Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold/Silver ratio is still very high at just under 100

"Although they lost slightly less than Gold, with the exception of Palladium, the price development is still disappointing. An easing of the trade conflict should actually have led to a price increase. After all, the previous escalation in tariffs had weighed on the prices of the three precious metals mentioned."

"This was the only explanation for the significantly poorer price performance of Silver, Platinum and Palladium compared to Gold in recent weeks. Silver and Palladium are still trading below and Platinum at the level of early April, while Gold is still trading noticeably higher despite the recent decline."

"The Gold/Silver ratio is still very high at just under 100, as are the price ratios of Gold to Platinum and Palladium at well above 3:1. Scepticism that there will be a lasting solution to the tariff conflict obviously still prevails."

May 13, 2025

USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group

US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Read more Previous
May 13, 2025

USD/CNH can continue to weaken – UOB Group

US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Read more Next