After gold and silver, platinum is emerging as a top investment option in 2025. Platinum has raced ahead of both gold and silver so far in 2025.
Year-to-date, both Gold and silver are up by 30% and 26%, respectively. However, the Platinum steals the show. Platinum has risen by a stunning 40% since January 1.
The spike in platinum is recent. In fact, the big surge in Platinum has come in over the last month – gold and silver are up by 7% and 13% respectively during this period, while platinum is up a staggering 30%.
So, what is fueling the bull run in platinum?
Before that, let us look at how platinum performed over the years and whether there is a pattern.
Platinum Patterns
Platinum is currently at $1,250, a four-year high last seen in April 2021. Platinum’s all-time high price was close to $2,166 recorded in April 2008. Before that, the previous peak occurred in February 1980, when the price rose by 350% – from $190 in 1978 to $900 in 1980, in just 24 months.
Two things stand out. One, in both instances, when prices hit a peak, the slide was equally fast. From the peak price of the 80s, platinum crashed 70% in just 30 months. In 2008, the crash was much more dramatic – in just 10 months, platinum prices crashed over 50%.
Secondly, over long periods, platinum prices remained in a range except for the spikes. Since January 1980, the price of platinum has fluctuated significantly, but as recently as January 2025, the price hovered around $900.
The pattern looks clear – a long period of silence and then a big spike with an equally fast downfall.
Demand-Supply
Did you say, what’s the use of platinum? One of the rarest metals in the world, platinum is mostly used in the chemical and electrical industries, petroleum refineries, and in the manufacture of automotive catalytic converters. South Africa accounts for 80% of production, followed by Russia and North America.
Ok, there are uses, but what about supply and demand that will reflect in price change?
The World Platinum Investment Council report predicts a supply deficit in the platinum market as well as a decline in demand in 2025. But, how will that impact prices if both supply and demand are falling?
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