Anyone who has been tracking platinum since the middle of last year knows that something was going on here. From nearly $1,000 to almost $3,000 in just a few months – then immediately down 35%. Crazy. Now the price is slowly stabilizing again, and honestly, I find the dynamics exciting. Gold is still the safe haven, but platinum has real potential if you keep the scarcity in mind. The WPIC expects balanced markets by 2026, after which it could become tight again. For my platinum forecast: It could become interesting in the long term as hydrogen demand picks up. In the short term, it remains volatile – perfect for active traders, but not for the faint of heart.

XAU0.56%
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