As gold pauses after recent highs, platinum investing is now coming be to the fore. Platinum is easy to ignore amid the buzz surrounding more popular metals, but it could be entering a period where its long-term prospects are more appealing for investors.
This semi-industrial precious metal, most of which is mined in South Africa, is primarily used in catalytic converters, lab equipment and jewellery……Trading in the range around $955 per troy ounce for the past ten years, the metal is currently challenging resistance around the $1,012 level with some calling for a break.
Market Dynamics For Platinum Could Change By 2025 
Demand is set to outpace supply by almost a million troy ounces, based on current facts, the World Platinum Investment Council says. It’s the third consecutive year of a shortage of supplies, and renewed interest in both the auto and jewelry trade.
A strong return of demand (from China) for platinum jewelry, coins and bars is also supportive of this view. CHINESE TRADE FLOWS BOOST AND PRESSURE FROM A NEW ANGLE Chinese import volumes in February were the highest in over a year as consumers bought cheaper platinum instead of gold.
Market Patterns and the Path Forward
The current gold-to-platinum ratio is 3.2, versus a recent peak of 3.6. While gold is down 6%, platinum has risen about 5% on a combination of renewed optimism over global trade and better demand from industry.
“This increasingly tight trading range will eventually see a breakout,” says Ole Hansen, head of commodity strategy at Saxo Bank. Only then will we know if demand from technically-narrative driven traders will suffice to buoy platinum prices, or whether gold’s safe havens status will still overshadow the broader macro picture.”
Longer-term investors are still keeping an eye on platinum-backed ETFs holding around 3.18 million ounces — a bounce from April 2024 lows but still below 2021 levels.
London Platinum Week 2025 this week, organised by the London Platinum and Palladium Market (LPPM), could whet market appetite even more as industry players engage in a discussion on strategies, developments and long-term trends.
Conclusion
With gold at a standstill and signs that platinum might have supply and demand dynamics working in their favour investors might want to keep an eye on platinum. The question is whether it can get through resistance levels and last with new momentum.
