Platinum prices are expected to rise in 2026, with forecasts pointing to a range from about $1,710 to $2,340 per ounce, depending on market balance and global factors.[1] Right now, as of December 19, 2025, platinum trades around $1,940 per ounce after a strong monthly gain of nearly 29 percent.https://tradingeconomics.com/commodity/platinum[3]
Experts from LongForecast predict the price could start 2026 at $1,770, move to $2,080 by mid-year, and hit $2,340 by December.https://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/[1] More cautious views see it between $1,710 and $1,749. This optimism comes after recent deficits, with 2025 facing a shortfall of around 700,000 to 848,000 ounces due to strong demand and supply issues in South Africa, the top producer.[2][3][4]
The World Platinum Investment Council (WPIC) sees a shift in 2026 to a balanced market, with supply up 4 percent to 7.4 million ounces from more recycling and mining, while demand dips 6 percent to 7.385 million ounces.https://www.youtube.com/watch?v=OyWhTZoofWs[2] This balance assumes easing trade tensions, less investment buying, and some profit-taking from exchange-traded funds (ETFs).[5][6] Without that, a deficit could linger near 400,000 ounces, pushing prices higher, says WPIC’s Edward Sterck.https://www.youtube.com/watch?v=M9FkBSlE1CY[5]
Industrial demand, which uses most platinum in cars, glass, and chemicals, should grow slowly at about 3 percent yearly.https://investingnews.com/wpic-platinum-market-forecast/[4] New facilities in glass and refining could boost this if they open on time.[5] Investment demand might cool after a 77 percent surge in 2024, but stays above average.[4]
Prices recently hit near $1,974, the highest since 2008, fueled by investor bets on lower interest rates and supply worries.[3] Trading Economics models suggest $1,767 by quarter-end and $1,960 in 12 months.[3] Overall, a balanced market could steady prices, but any supply hiccups or demand spikes might drive them toward the higher end of forecasts.
Sources
https://www.litefinance.org/blog/analysts-opinions/platinum-price-prediction-and-forecast/
https://www.youtube.com/watch?v=OyWhTZoofWs
https://tradingeconomics.com/commodity/platinum
https://investingnews.com/wpic-platinum-market-forecast/
https://www.youtube.com/watch?v=M9FkBSlE1CY
https://www.miningweekly.com/article/balanced-2026-platinum-market-forecast-dependent-on-global-trade-tension-let-up-2025-11-18