Current Price Development
- Price Explosion: The platinum price has increased significantly since the beginning of 2025. In June 2025, the price temporarily reached over $1,272 per ounce, marking the highest level since February 2021. By the end of the week, the price stood at around $1,225.
- Deficit and Demand: Platinum is currently in a deficit, leading to further price increases. The World Platinum Investment Council (WPIC) has forecasted sustained demand for 2025.
Comparison with Other Precious Metals
- Gold and Silver: While gold continues to be regarded as a safe investment and remains stable, platinum has shown the strongest performance among precious metals in 2025 with an increase of about 36%. Gold has also risen by approximately 31% during the same period.
- Silver: The silver price has also increased by surpassing the $35 per ounce mark. This could indicate a general strengthening of the precious metal markets.
Background and Forecasts
- Causes of the Price Increase: The price explosion in platinum is driven by several factors, including the deficit, geopolitical tensions, and the search for alternative investments to gold.
- Forecasts: Prior to the Ukraine-Russia conflict, a price range of $850 to $1,300 for platinum was forecasted. Current forecasts estimate the price for 2025 to average around $1,175 per ounce.
Investment Aspects
- Investment Interest: The sudden price increase makes platinum attractive for investors seeking cheaper alternatives to gold. Platinum offers an appealing return, especially during periods of high gold prices.
- Risks and Opportunities: As with any commodity investment, there are risks associated with platinum, particularly due to geopolitical events and fluctuations in demand. Nonetheless, the current situation presents opportunities for investors willing to take the risk.
Overall, the sudden surge in platinum prices could signal a boom driven by the deficit and increased demand. However, investors should carefully weigh the risks and opportunities involved.