Why are Platinum (LBMA) Prices so high?
09-12-2025 - Over the past month, the price of Platinum (LBMA) has risen from $1,562.0/oz to $1,650.0/oz, indicating a strengthening in the raw material market. This increase suggests either heightened demand or a reduction in supply. However, the forecast predicts a slight decline to $1,629.2/oz, a -1.3% change from the current price, suggesting a generally flat to slightly downward trend. This forecast highlights potential market volatility that could impact raw material prices.
The current forecast presents conflicting data. Technical indicators, such as Trend Following and Price Signals, suggest a significant downward pressure of -$40.5/oz. In contrast, data on Demand, Flows, and Supply indicate upward pressure, underscoring uncertainty in the movement of raw material prices.
Analysts have adjusted their 2026 price forecasts for platinum upwards, citing tight mine supply and tariff uncertainties. The median forecast is now $1,550/oz, an increase from the $1,272/oz predicted three months ago, suggesting a bullish outlook for platinum prices in the coming year. This external analysis contrasts with the forecast's prediction of a price decrease to $1,629.2/oz in the next month.
The current forecast presents conflicting data. Technical indicators, such as Trend Following and Price Signals, suggest a significant downward pressure of -$40.5/oz. In contrast, data on Demand, Flows, and Supply indicate upward pressure, underscoring uncertainty in the movement of raw material prices.
Analysts have adjusted their 2026 price forecasts for platinum upwards, citing tight mine supply and tariff uncertainties. The median forecast is now $1,550/oz, an increase from the $1,272/oz predicted three months ago, suggesting a bullish outlook for platinum prices in the coming year. This external analysis contrasts with the forecast's prediction of a price decrease to $1,629.2/oz in the next month.
What is the current / spot price of Platinum (LBMA)?
Platinum (LBMA) Price Today
December 9, 2025
Current Price
1650
$/t
What is the forecast for the price of Platinum (LBMA)?
Platinum (LBMA) Price Forecast
December 9, 2025
1 Month Forecast
1629.2
$/t
1 Year Forecast
1712.7
$/t
What are the short-term drivers of Platinum (LBMA) prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - Long term price trends - Short term price trends Br(None) The top contrary drivers for the 1 Month horizon are: - Platinum Stocks (CMX) - Seasonality trends for the prediction week of year
What are the long-term drivers of Platinum (LBMA) prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The net positions of speculators on NYMEX - Movements in the Euro - The shape of the futures curve (adjusted for the risk free rate and price volatility) Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis
Will the price of Platinum (LBMA) go up?
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