Why are Platinum (LBMA) Prices so high?
23-10-2025 - Platinum prices surged 9.7% over the past month, from $1413.0 to $1550.0 per oz. The high was $1686.0 on October 9th, while the low remained at $1413.0 on September 22nd.
Our one month forecast for Platinum (LBMA) is $1512.4/oz, a decrease of $37.6/oz or -2.4% from the latest price. Our analysis suggests a slightly higher chance of prices exceeding our forecast than falling short.
The current forecast shows that Technical data has the most significant impact, lowering the price forecast by $42.7 per ounce. Within Technical data, Trend Following and Price Signals families have the largest negative impacts of -$14.2 and -$13.2 per ounce, respectively. However, there is disagreement among the data types, with Demand and Supply data suggesting upward price pressure, while Flows and Technical data indicate the opposite trend. Demand from the Global Economy and Supply from Inventories are driving the upward pressure, while Technical and Flows data are conflicting.
Our one month forecast for Platinum (LBMA) is $1512.4/oz, a decrease of $37.6/oz or -2.4% from the latest price. Our analysis suggests a slightly higher chance of prices exceeding our forecast than falling short.
The current forecast shows that Technical data has the most significant impact, lowering the price forecast by $42.7 per ounce. Within Technical data, Trend Following and Price Signals families have the largest negative impacts of -$14.2 and -$13.2 per ounce, respectively. However, there is disagreement among the data types, with Demand and Supply data suggesting upward price pressure, while Flows and Technical data indicate the opposite trend. Demand from the Global Economy and Supply from Inventories are driving the upward pressure, while Technical and Flows data are conflicting.
What is the current / spot price of Platinum (LBMA)?
Platinum (LBMA) Price Today
October 23, 2025
Current Price
1123
$/t
What is the forecast for the price of Platinum (LBMA)?
Platinum (LBMA) Price Forecast
October 23, 2025
1 Month Forecast
1512.4
$/t
1 Year Forecast
1531.1
$/t
What are the short-term drivers of Platinum (LBMA) prices?
What are the long-term drivers of Platinum (LBMA) prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Long term price trends - EWMA-based technical analysis - The net positions of speculators on NYMEX Br(None) The top contrary drivers for the 1 Month horizon are: - Platinum Stocks (CMX) - Seasonality trends for the prediction week of year
Over the 1 Year horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - The net positions of speculators on NYMEX Br(None) The top contrary drivers for the 1 Year horizon are: - Movements in the Euro - The shape of the futures curve (adjusted for the risk free rate and price volatility)
Will the price of Platinum (LBMA) go up?
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