Why are Platinum Prices so high?
23-10-2025 - Platinum (NYMEX) prices surged by 7.9% over the last month, rising from $1423.7 to $1536.0 per ounce. The month saw a low of $1423.7 on 22nd September and a high of $1734.9 on 16th October.
Our one month forecast for Platinum (NYMEX) is $1501.3/oz, a decrease of $34.7/oz or -2.3% from the latest price. Our analysis suggests a slightly higher chance of prices exceeding our forecast rather than falling short.
Our current forecast shows that Technical data has the most significant impact, lowering the price forecast by $33.1 per ounce. Within the Technical data type, Trend Following signals have a negative impact of $17.9, while Traders' Positions contribute -$12.4. However, there is disagreement among the data types, with Flows and Supply data suggesting upward price pressure, with Exchange Rates adding $5.6 and Inventories contributing $17.6. On the other hand, Demand and Technical data types indicate the opposite trend, with no price impact from Demand and Technical data.
Our one month forecast for Platinum (NYMEX) is $1501.3/oz, a decrease of $34.7/oz or -2.3% from the latest price. Our analysis suggests a slightly higher chance of prices exceeding our forecast rather than falling short.
Our current forecast shows that Technical data has the most significant impact, lowering the price forecast by $33.1 per ounce. Within the Technical data type, Trend Following signals have a negative impact of $17.9, while Traders' Positions contribute -$12.4. However, there is disagreement among the data types, with Flows and Supply data suggesting upward price pressure, with Exchange Rates adding $5.6 and Inventories contributing $17.6. On the other hand, Demand and Technical data types indicate the opposite trend, with no price impact from Demand and Technical data.
What is the current / spot price of Platinum?
Platinum Price Today
October 23, 2025
Current Price
884.9
$/t
What is the forecast for the price of Platinum?
Platinum Price Forecast
October 23, 2025
1 Month Forecast
1501.3
$/t
1 Year Forecast
1508.5
$/t
What are the short-term drivers of Platinum prices?
What are the long-term drivers of Platinum prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Short term price trends - The net positions of speculators on NYMEX - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Month horizon are: - Platinum Stocks (CMX) - The shape of the futures curve
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 - Short term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - The shape of the futures curve - Movements in the Euro
Will the price of Platinum go up?
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