Will Platinum Prices Drop in 2026?
Platinum prices are unlikely to drop in 2026 according to most forecasts. Instead, many experts predict they will rise or stay stable as the market shifts from a big shortage this year to a more even balance next year. For example, LongForecast sees prices climbing from $1,770 early in 2026 to $2,080 by mid-year and $2,340 by the end, with a range of $1,814 to $2,326 per ouncehttps://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/. WalletInvestor offers a milder view, with prices around $1,816 at the start, up to $1,904 in June, and down slightly to $1,864 by year-end, still in a tight range of $1,816 to $1,921https://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/.
The World Platinum Investment Council, or WPIC, expects a balanced market in 2026 after three years of deficits, including a huge 692,000 ounce gap in 2025https://www.youtube.com/watch?v=dUhdNi5Pb0khttps://www.youtube.com/watch?v=OyWhTZoofWshttps://www.miningweekly.com/article/balanced-2026-platinum-market-forecast-dependent-on-global-trade-tension-let-up-2025-11-18. Supply should grow 4 percent to 7.4 million ounces, thanks to more recycling and 2 percent higher mining to 5.6 million ounces. Demand may fall 6 percent to 7.4 million ounces as investors sell off stocks built up from trade worries and take profits from ETFs. This balance could mean steady prices, but WPIC notes it depends on trade tensions easinghttps://investingnews.com/wpic-platinum-market-forecast/.
Heraeus Precious Metals sees a possible dip into a range of $1,300 to $1,800 per ounce, even with a smaller deficit from extra recycling in Europehttps://www.heraeus-precious-metals.com/en/company/press-and-news/heraeus-precious-metals-forecast-2026/. They point to car demand dropping as electric vehicles take over, but jewelry could rise, especially in China where platinum stays cheap next to gold. Lease rates staying high might push prices up later.
Overall, upbeat views like LongForecast dominate, with prices potentially hitting $2,340 by late 2026, while conservative ones hold above $1,700https://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/. Risks come from trade issues, auto shifts, and investment swings, but no major source calls for a clear drop.
Sources
https://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/
https://www.youtube.com/watch?v=dUhdNi5Pb0k
https://www.youtube.com/watch?v=OyWhTZoofWs
https://www.heraeus-precious-metals.com/en/company/press-and-news/heraeus-precious-metals-forecast-2026/
https://investingnews.com/wpic-platinum-market-forecast/
https://www.miningweekly.com/article/balanced-2026-platinum-market-forecast-dependent-on-global-trade-tension-let-up-2025-11-18