Pt 31.857 Pd 29.967 Rh 144.678 Au 74.586 Ag 0.947

CAR CATALYST OF THE WEEK & TIP OF THE WEEK

This week we present the Toyota Auto cat. serial #U22,

And a tip – Silver Price Soars Amid Supply Deficit

Data

  • Car Private
  • Brand Toyota
  • Ref U22
 
Monolith A
Monolith B
Metal Price $/g – ($/tOz)
Type
Monolith A
Monolith B
Monolith C
Ceramic
 
 
Weight
Monolith A
Monolith B
Monolith C
705 gram
 
 
Palladium
Monolith A
Monolith B
Metal Price
0 PPM(0 g/kg)
 
$33
Platinum
Monolith A
Monolith B
Metal Price
3300 PPM (3.3 g/kg)
 
$34
Rhodium
Monolith A
Monolith B
Metal Price
600 PPM (0.6 g/kg)
 
$160
$ Value of the Monolith.
Monolith A
Monolith B
Monolith C
$146.8
 
 
Total Value of the cat.
$146.8
 

Note: Please consider that the PGM (Pt, Pd, Rh) content might change from one catalytic to another (with the same serial #) due to its condition affected by mileage, weather conditions, etc. *Assay made with Niton XLT3GOLDD+

PRICE COMPARISON IN DIFFERENT APPS

App
AG Metals
Ecotrade
Catalopedia
Noble6
Converterdata
Auto Catalyst
Price
$146.8
$108
$127
$60.5
no data
$87
App
Price
AG Metals
$146.8
Ecotrade
$108
Catalopedia
$127
Noble6
$60.5
Converterdata
no data
Auto Catalyst
$87

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TIP OF THE WEEK

Silver Price Soars Amid Supply Deficit

This week, silver prices hit a high of $31.70 per ounce, marking a 28% increase over the past 60 days. The ongoing supply deficit, now in its third consecutive year, is beginning to significantly impact the market. Keep an eye on these trends as the demand continues to outpace supply, driving prices higher.

Silver Surge: Navigating Investment Opportunities in 2024

As we step into 2024, silver investors are greeted with a landscape that continues to offer promising opportunities. Here are key facts to consider for silver investment in the year ahead:

Persistent Supply-Demand Imbalance: For the third consecutive year, the demand for silver in 2023 surpassed its available supply, highlighting its enduring value.
Record Industrial Demand: Industrial consumption of silver soared to new heights in 2023, reaching 654.4 million ounces, driven by the renewable energy sector.
Structural Deficit: The silver market had a significant deficit of 184.3 million ounces in 2023, a trend expected to persist.
Green Technology Fueling Demand: The rise in green technologies, like solar energy, has been a major catalyst for increased silver demand.
Role of Physical Investment: Physical investment remains a significant driver of silver demand, constituting about 25-30% of the overall demand.
Projected Market Shortfall: If current trends continue, 2024 could witness a market shortfall of around 215 million ounces.
Resilience Amidst Sectoral Shifts: Despite declines in the silverware and jewelry sectors, the overall deficit remained largely unaffected, showing the diversified nature of silver demand.
Silver continues to present compelling investment opportunities in 2024 and beyond. With the global economy’s shift towards sustainability and green technologies, the demand for silver is poised to escalate. For investors, a strategic allocation to silver could prove to be a prudent long-term investment strategy.

silver supply 2023

IMPORTANT NOTE: The information contain in this article for information purpose only and does not constitute investment advice or a recommendation to buy or sell. 

A.G. Metals

Ami Gur