Bullish
Platinum price rises 1.89% to $1,817.75, extending monthly gains.
Over the past 30 days, platinum has gained 4.68%, indicating a steady upward trend. This rise is attributed to a combination of factors, including a forecasted supply surplus and recent market developments.
Key points
- Analysts have raised their 2026 price forecasts for platinum, citing tight mine supply and tariff uncertainties.
- The World Platinum Investment Council now expects a surplus of 265,000 ounces for 2026, a significant shift from its previous deficit forecast.
- Sibanye Stillwater anticipates short-term platinum price volatility but does not expect a return to previous lows.
Sources
- Analysts raise 2026 price forecasts for platinum, palladium after 2025 rallyReuters · October 27, 2025
- The shortage math flipped by over 500,000 ounces. Platinum at $1,798.96ZeroToMoon · September 11, 2026
- Sibanye expects short-term platinum price volatility, but return to previous lows unlikelyMarketScreener UK · September 2, 2026
AI-generated from public news sources. Not financial advice.
