Platinum has seen some interesting price movements in 2025, and many are wondering if this upward trend will continue into 2026. The metal started the year around $1,319 and is expected to rise steadily throughout the year. Forecasts suggest that by mid-2025, platinum could reach about $1,400 and then climb further to approximately $1,500 by mid-2026. This means investors might see a gain of roughly 14% from mid-2025 to mid-2026 alone.
Looking beyond just one year, the outlook for platinum remains quite optimistic. Over a five-year span starting in 2025, prices are predicted to more than double from current levels—potentially reaching close to $2,842 by 2030. This reflects strong demand factors combined with supply constraints that keep pushing prices higher.
One key reason behind these gains is the persistent market deficit expected for platinum between 2026 and 2029. Both supply and demand tend not to react quickly to price changes in this market; therefore, even as prices rise, shortages may continue because production cannot ramp up fast enough while demand remains solid.
Additionally, new mining projects coming online around early 2026 could influence supply but likely won’t be enough initially to offset deficits fully. This limited increase in supply alongside steady or growing industrial use—especially in automotive catalytic converters and green technologies—supports higher prices.
In terms of monthly fluctuations during 2026 (looking at some regional currency forecasts), platinum’s price might experience typical ups and downs but generally maintain an upward trajectory through much of the first half of the year before possibly leveling off or correcting slightly later on.
All things considered, if you’re watching platinum as an investment or considering it for industrial use planning, expect its price gains from early-to-mid 2025 likely extending into at least mid-2026 due mainly to ongoing tightness between how much is produced versus how much is needed worldwide.