Platinum has been showing signs of strength in 2025, and one key price level to watch is $1,350. This level has acted as resistance recently, meaning platinum struggled to rise above it. However, there are good reasons to believe that this $1,350 resistance could turn into a support level later in the year.
First, platinum’s price has been on an upward trend since early 2025. It managed to hold above important support levels like $1,225 and even reached targets near $1,300. This steady climb suggests growing buying interest and momentum behind the metal. When prices repeatedly test a resistance point like $1,350 but fail to break through decisively at first, it often means sellers are active there—but if buyers keep pushing back stronger over time, that resistance can flip into support once broken[2][4].
Technically speaking, platinum is trading above key moving averages such as the 50-week and 100-week averages—classic indicators that signal an uptrend is underway. These moving averages often act as dynamic support levels themselves; staying above them strengthens the case for higher prices ahead[4]. If platinum manages a sustained move past $1,350 with solid volume and closes weekly or monthly above it consistently by late 2025 or early 2026, traders will likely view this level as a new floor rather than a ceiling.
Another factor supporting this outlook is how compressed platinum’s recent trading range has become. When volatility tightens around certain price points—like what’s happening now—it usually precedes bigger moves either up or down. Given current positive momentum and demand factors such as supply deficits combined with rising interest from major consumers like China’s industrial sector (which uses platinum heavily), the odds favor an upside breakout[5].
Historically too, after long periods of consolidation near critical technical levels (such as those seen before in mid-2000s), precious metals including platinum have made strong upward surges once they break out decisively from these ranges[5]. So if late 2025 sees platinum push firmly through $1,350 resistance on strong fundamentals and technical signals aligning together—the market psychology will shift: traders who sold at that price before may start buying instead when prices dip back toward it.
In short: Platinum’s recent rally sets up the possibility that its current hurdle at around $1,350 could soon become reliable support—a base for further gains rather than just another ceiling holding prices down. This change would mark an important step in confirming a longer-term bullish phase for this precious metal going forward into late 2025 and beyond.