
I have not written about platinum in months because the price has gone nowhere fast. The price has been trading around the $1,000 pivot point and was below in late 2024. In a mid-August 2024 Barchart article on platinum, I concluded:
Platinum has disappointed investors and traders for years, and the price remains in a range around the $1,000 per ounce level. When the price finally breaks out of its rangebound consolidation, we could see a significant rally. Low liquidity and gold’s price action continue to favor higher platinum prices. Market participants need patience and perseverance to participate in the platinum market. Buying on price weakness is the only logical path for the rangebound platinum market.