Why are Platinum (LBMA) Prices so high?
30-01-2026 - Over the past month, the price of Platinum (LBMA) has seen a notable increase, climbing from $2,226.0/oz to $2,792.0/oz. This rise underscores a robust demand for platinum, influenced by market dynamics and potential supply limitations. The forecast for Platinum (LBMA) is $2,777.2/oz, slightly below the current price of $2,792.0/oz, indicating a marginal decrease of -0.5%. This suggests a generally stable trend with minimal risk, as the price change is minor.
The current forecast reveals significant downward pressure on raw material prices, primarily due to technical data, which has a -$36.0/oz impact. While factors such as 'Flows' and 'Supply' suggest upward pressure, 'Demand' and 'Technical' data point to a decline, resulting in mixed signals overall.
The World Platinum Investment Council (WPIC) projects a balanced platinum market by 2026, with a small surplus of around 20,000 ounces. This outlook indicates a stabilization in supply and demand dynamics, potentially exerting downward pressure on prices. Consequently, this external analysis aligns with the forecasted decline in platinum prices.
The current forecast reveals significant downward pressure on raw material prices, primarily due to technical data, which has a -$36.0/oz impact. While factors such as 'Flows' and 'Supply' suggest upward pressure, 'Demand' and 'Technical' data point to a decline, resulting in mixed signals overall.
The World Platinum Investment Council (WPIC) projects a balanced platinum market by 2026, with a small surplus of around 20,000 ounces. This outlook indicates a stabilization in supply and demand dynamics, potentially exerting downward pressure on prices. Consequently, this external analysis aligns with the forecasted decline in platinum prices.
What is the current / spot price of Platinum (LBMA)?
Platinum (LBMA) Price Today
January 30, 2026
Current Price
2792
$/t
What is the forecast for the price of Platinum (LBMA)?
Platinum (LBMA) Price Forecast
January 30, 2026
1 Month Forecast
2777.2
$/t
1 Year Forecast
2711.7
$/t
What are the short-term drivers of Platinum (LBMA) prices?
Over the 1 Month horizon the outlook is moderately bearish due to drivers such as: - EWMA-based technical analysis - Seasonality trends for the prediction week of year - MSCI Emerging Markets Europe Index - The net positions of speculators on NYMEX Br(None) The top contrary drivers for the 1 Month horizon are: - Platinum Stocks (CMX)
What are the long-term drivers of Platinum (LBMA) prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - Platinum Stocks (CMX) 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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