# Platinum and Silver

Their prices have moved together.

Source page: https://www.materialinsights.org/links/platinum-and-silver/

[Platinum](https://www.materialinsights.org/commodities/platinum/) (commodity) and [Silver](https://www.materialinsights.org/commodities/silver/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: common driver

*Cost and price · Strong · Both ways*

Silver and platinum are both precious metals with large industrial and car-related uses, so they react to growth and to investment flows in a similar way. Monthly changes correlate at 0.74, and at 0.85 in the last five years.

- **0.74** monthly change correlation
- **0.79** 12-month change correlation
- **0.78** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.