I just analyzed the platinum prices of the past few months again and have to say: That was wild. At the beginning of 2025, platinum was still around $900, then it really took off in June. In January 2026, it reached a new all-time high of nearly $2,925 – over a 200 percent increase! After that, there was a sharp correction, dropping over 35 percent in 6 days to $1,882. Now it’s fluctuating between $2,000 and $2,100.

What fascinates me: The platinum vs. gold price comparison shows an interesting picture. While gold has outperformed significantly over the last 10 years with +331 percent, platinum gained +110 percent last year, beating gold with its +70 percent. But despite the rally, platinum still trades at a discount to gold – about a $2,700 difference. That’s historically unprecedented. The platinum vs. gold price gap is larger than ever before.

The reasons are clear: South Africa produces 70-80 percent globally, but mine production is declining. Add to that structural supply deficits, geopolitical tensions, and a weak dollar. Experts expect a balanced market in 2026, then it should go back into deficit. Especially the hydrogen economy could drive strong demand for platinum. But the volatility is brutal – for me, more suitable for active traders, not conservative investors.

The platinum vs. gold price dynamics remain exciting. Some analysts see $1,300–$1,800, others forecast $2,450 for 2026. With such great uncertainty, I would be cautious and not underestimate risk management. Set stop-losses, start small – this precious metal can quickly lose 35 percent in just a few days.