Okay, I’ve been tracking the platinum market for a while now, and I have to say – what’s happened over the past few months has been truly wild. At the beginning of the year, platinum shot up to over $2,900 per ounce, then there was a brutal correction of 35% in just a few days. Now the price is stabilizing again, but the volatility shows how illiquid this market really is.

What fascinates me: while gold has dominated the past few years, platinum has been almost "forgotten." But the future of platinum could look very different. The metal is not only used for auto catalysts – fuel cells, green hydrogen, medicine – everywhere platinum is relevant. That’s exactly why I think the future of platinum will be exciting in the long term.

The numbers tell a clear story: in 2025, platinum increased by over 100%, while gold only about 70%. This is mainly due to supply shortages – South Africa, which supplies 70-80% of global production, is struggling with underinvestment and power outages. Add geopolitical tensions and a weak dollar. It’s like a perfect storm for higher prices.

But honestly: for conservative investors, I would see platinum more as an addition rather than a main position. The volatility is significantly higher than gold’s. For active traders, however, it could be interesting – the price movements offer trading setups. Those who want to speculate can work with CFDs or futures, but should have strict risk management (risk only 1-2% of capital per trade).

In the long term, I see great potential for platinum. The World Platinum Investment Council expects deficits to reemerge after 2026 – demand could surpass supply. Especially the future of platinum in the hydrogen sector could be a game-changer. But next year, the market could also be balanced, which might ease the pressure.

Experts are divided: Heraeus expects $1,300–$1,800, Bank of America says $2,450. That shows: no one really knows where it’s headed. Personally, I stay on top of lease rates and supply reports – those are the real indicators for platinum’s future.