The Next Silver is Platinum

Today the price of gold and silver soared once again as gold touched a new all-time high and silver closed in on $50 per ounce. But, by the end of the session the price of silver fell from the highs as investors began banking profits.

The exact opposite occurred with platinum, which began a rally during the last afternoon hours and broke out to new highs today.

A few ways to play platinum:

1. iPath Platinum ETN (PGM) - Tracks price of platinum futures.
   
2. ETFS Physical Platinum ETF (PPLT) - Actually has the physical metal to back up the holdings.
   
3. E-Tracs Long Platinum ETN (PTM) - Tracks the price of platinum futures.
   
4. First Trust Global Platinum ETF (PLTM) - Basket of platinum-related stocks.