Platinum Price Outlook
“Platinum prices have been weakening over the past few months and have given back all of the gains that occurred during December 2025 and January 2026. Prices still are high relative to where they have been between 2015 and the middle of 2025, however.
Platinum prices could decline further in the coming months. A combination of seasonal weakness in prices, the potential for higher interest rates and inflation during the second half of this year and a relatively weak U.S. commercial vehicle market could weigh on platinum prices.
It would not be surprising to see platinum prices slip toward $1,400 over the next couple of months. If labor market conditions extend some of the sluggishness observed in June or if inflation picks up because of supply side issues, prices could decline further.
That said, platinum prices are not expected to collapse in the absence of a sharp reduction in demand. The supply side of the market has been constrained and faces several risks, which should help provide support to prices.”
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