Should I Buy Platinum Now or Wait?
Platinum prices have climbed a lot in 2025, surging over 90 percent from multi-year lows. Right now, the metal trades around levels that have broken key resistance like $1,700, with forecasts pointing to more gains ahead.https://www.fxempire.com/forecasts/article/platinum-price-forecast-gold-rotation-fuels-platinum-breakout-toward-2300-by-2026-1567402 Many experts see it hitting $1,700 to $1,800 by the end of this year, and even higher in 2026.
One big reason to consider buying now is the supply crunch. The platinum market faces a deficit of about 692,000 ounces in 2025, the third year in a row, due to lower mining output at a five-year low of 5.51 million ounces.https://www.youtube.com/watch?v=dUhdNi5Pb0k Demand stays strong from industries like auto catalysts, though it might dip a bit without growth in glass uses. Recycling helps, but total supply still falls short.
Looking to 2026, analysts split on the outlook. Some predict a balanced market with supply rising 4 percent to 7.4 million ounces and demand easing 6 percent, thanks to less investment buying as trade tensions cool.https://www.miningweekly.com/article/balanced-2026-platinum-market-forecast-dependent-on-global-trade-tension-let-up-2025-11-18 Others forecast prices climbing to $2,300 or more, fueled by tight supply, recovering industrial needs, and investors shifting from gold.https://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/ LongForecast sees it at $2,340 by year-end 2026, while Trading Economics expects around $1,960 in 12 months.https://tradingeconomics.com/commodity/platinum
Reasons to wait include risks like trade tensions or a drop in auto demand as electric vehicles cut catalyst use. Heraeus predicts a narrower deficit in 2026 but prices in a $1,300 to $1,800 range, with jewelry demand in China as a possible boost.https://www.heraeus-precious-metals.com/en/company/press-and-news/heraeus-precious-metals-forecast-2026/ A weaker dollar and dovish Fed policy could push prices up, but short-term swings happen from market uncertainty.
Platinum looks cheap compared to gold, trading at a discount that draws buyers. Technical charts show bullish breakouts, with support at $1,200 and targets up to $2,300 if momentum holds.https://www.fxempire.com/forecasts/article/platinum-price-forecast-gold-rotation-fuels-platinum-breakout-toward-2300-by-2026-1567402 For long-term holders, current deficits and upside forecasts make entry now appealing, but watch global trade and demand shifts.
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.fxempire.com/forecasts/article/platinum-price-forecast-gold-rotation-fuels-platinum-breakout-toward-2300-by-2026-1567402
https://www.heraeus-precious-metals.com/en/company/press-and-news/heraeus-precious-metals-forecast-2026/
https://tradingeconomics.com/commodity/platinum
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