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Coverage includes market efficiency, price-data modeling, forecasting approaches, behavioral findings, diversification benefits, and volatility drivers. It also reviews macroeconomic determinants of white precious-metal prices and explains how these metals relate to other assets, concluding with discussion of silver futures and forwards and exchange-traded products.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/the-financial-economics-of-silver-platinum-and-palladium-a-survey/563132/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/the-financial-economics-of-silver-platinum-and-palladium-a-survey/563132.png","ImageObject",442,249,{"name":88,"@type":89},"Jiven","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-31","2026-10-12",true,{"@type":98,"interactionType":99,"userInteractionCount":8},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What topics does the survey cover for silver, platinum, and palladium?","Question",{"text":108,"@type":109},"The survey reviews market efficiency, modeling price data, forecasting, behavioral aspects, diversification benefits, volatility drivers, macroeconomic determinants, and relationships with other assets.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the article describe the role of white precious metals compared with gold?",{"text":113,"@type":109},"It notes that while these metals are generally overshadowed by gold as investment vehicles, there is still substantial academic literature on their economic roles over recent years.",{"name":115,"@type":106,"acceptedAnswer":116},"Which instruments and product types are discussed in the later sections?",{"text":117,"@type":109},"The contents include coverage of silver futures and forwards, as well as exchange traded products and their connections to white precious metals.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},563132,1792047174,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":8,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":22,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":140},1099513958607,"https://ap-avatar.wpscdn.com/avatar/100002390cf8733938c?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778829742770036399","The financial economics of white precious metals—A survey  \nVigne, S. A. , Lucey, B. M. , O'Connor, F. A. , & Yarovaya, L. (2017) . The financial economics of white precious metals—A survey. International Review of Financial Analysis, 52, 292-308.  \nPublished in:  \nInternational Review of Financial Analysis  \nDocument Version:  \nPeer reviewed version  \nQueen's University Belfast-Research Portal:  \nLink to publication record in Queen's University Belfast Research Portal  \nPublisher rights  \n24 month embargo Copyright 2017 Elsevier.  \nThis manuscript is distributed under a Creative Commons Attribution-NonCommercial-NoDerivs License  \n([https://creativecommons.org/licenses/by-nc-nd/4.0/](https://creativecommons.org/licenses/by-nc-nd/4.0/)), which permits distribution and reproduction for non-commercial purposes, provided the author and source are cited.  \nGeneral rights  \nCopyright for the publications made accessible via the Queen's University Belfast Research Portal is retained by the author(s) and / or other copyright owners and it is a condition of accessing these publications that users recognise and abide by the legal requirements associated with these rights.  \nTake down policy  \nThe Research Portal is Queen's institutional repository that provides access to Queen's research output. Every effort has been made to ensure that content in the Research Portal does not infringe any person's rights, or applicable UK laws. If you discover content in the Research Portal that you believe breaches copyright or violates any law, [please contact openaccess@qub.ac.uk](please contact openaccess@qub.ac.uk).  \nOpen Access  \nThis research has been made openly available by Queen's academics and its Open Research team. We would love to hear how access to this research benefits you.– Share your feedback with us: [http://go.qub.ac.uk/oa-feedback](http://go.qub.ac.uk/oa-feedback)  \nDownload date:12 . oct. 2026  \nThe Financial Economics of Silver, Platinum and Palladium-A Survey  \nSamuel A. Vignea , Brian M. Luceyb , Fergal A. O'Connorc, Larisa  \nYarovayad  \na Queen's Management School, Queen's University Belfast, BT9 5EE, Northern Ireland, United Kingdom and Trinity Business School, Trinity College Dublin, Dublin 2, Ireland  \nemail: [s.vigne@qub.ac.uk](s.vigne@qub.ac.uk)  \nb Trinity Business School, Trinity College Dublin, Dublin 2, Ireland  \nemail: [blucey@tcd.ie](blucey@tcd.ie) (corresponding author)  \nc The York Management School, University of York, YO10 5GD, England  \n[email: fergal.oconnor@york.ac.uk](email: fergal.oconnor@york.ac.uk)  \nd Lord Ashcroft Business School, Anglia Ruskin University, CM1 1SQ, United Kingdom  \nemail: [drlarisayarovaya@gmail.com](drlarisayarovaya@gmail.com)  \nAbstract  \nThis article provides a review of the academic literature on the 􀀌nancial economics of silver, platinum and palladium. The survey covers the 􀀌ndingson a wide variety of topics relation to the White Precious Metals including Market E􀀎ciency, Forecastability, Behavioral Findings, Diversi􀀌cation Bene􀀌ts, Volatility Drivers, Macroeconomic Determinants, and their relationships with other assets.  \nKeywords: Silver, Platinum, Palladium, Survey, Review JEL Code E44; F33; G15; L72; Q31  \nContents  \nPage  \n1 Introduction 1  \n2 Market E􀀎ciency 2  \n3 Modeling Price Data 7  \n4 Forecasting 10  \n5 Behavioural Aspects of White Precious Metals 12  \n6 Portfolio Diversi􀀌cation 14  \n7 Volatility and White Precious Metals 21  \n8 The Macroeconomic Determinants of White Precious Metal  \nPrices 28  \n9 The White Precious Metals and Other Assets 35  \n9.1 Gold ................................ 35  \n9.2 Other Assets ........................... 39  \n10 Silver Futures and Forwards 43  \n11 Exchange Traded Products and White Precious Metals 45  \n12 Conclusion 47  \n1. Introduction  \nThis paper will survey the empirical and theoretical research that has been carried out to date on the the 􀀌nancial and economic aspects of the three white precious metals: Silver, Platinum and Palladi","cbCaijv0QMkZbl6a","https://ap.wps.com/l/cbCaijv0QMkZbl6a","pdf",821498,"English","# Abstract\n# Keywords\n# Contents\n## 1 Introduction\n## 2 Market Efficiency\n## 3 Modeling Price Data\n## 4 Forecasting\n## 5 Behavioural Aspects of White Precious Metals\n## 6 Portfolio Diversification\n## 7 Volatility and White Precious Metals\n## 8 The Macroeconomic Determinants of White Precious Metal Prices\n## 9 The White Precious Metals and Other Assets\n## 10 Silver Futures and Forwards\n## 11 Exchange Traded Products and White Precious Metals\n## 12 Conclusion","[{\"question\":\"What topics does the survey cover for silver, platinum, and palladium?\",\"answer\":\"The survey reviews market efficiency, modeling price data, forecasting, behavioral aspects, diversification benefits, volatility drivers, macroeconomic determinants, and relationships with other assets.\"},{\"question\":\"How does the article describe the role of white precious metals compared with gold?\",\"answer\":\"It notes that while these metals are generally overshadowed by gold as investment vehicles, there is still substantial academic literature on their economic roles over recent years.\"},{\"question\":\"Which instruments and product types are discussed in the later sections?\",\"answer\":\"The contents include coverage of silver futures and forwards, as well as exchange traded products and their connections to white precious metals.\"}]","The Financial Economics of Silver, Platinum and Palladium - A Survey | PDF",1791812361,25]