Platinum Price Forecast: Third Straight Quarterly Gain as Silver Breakout Adds Momentum

The platinum price is on track to record its third consecutive quarterly gain as financial markets prepare to enter Q4 2025. Year-to-date, platinum has rallied nearly 80%, making it one of the strongest-performing precious metals of the year.

In recent months, the rally has accelerated. Platinum prices are up around 55% in just the last four months, compared with a 16% rise in gold since June. As investors seek alternatives to higher-priced gold and respond to tightening supply, platinum continues to benefit from strong safe-haven and industrial demand.

Platinum’s Bull Run: Safe-Haven Demand Meets Supply Tightness

Like gold and silver, platinum is a traditional safe-haven asset. Its appeal has strengthened in recent sessions as investors hedge against the risk of a potential U.S. government shutdown. Rising concerns over ballooning U.S. debt, political gridlock, and looming fiscal deadlines have only added fuel to the broader precious metals rally.

At the same time, platinum faces structural supply constraints. The majority of supply comes from mining and recycling, yet both sources are under pressure:

Mining output has fallen 16% since 2021, hurt by higher costs, underinvestment, and declining ore quality.
Recycling volumes remain subdued, adding to tightness.

Demand, however, is not slowing. Platinum plays a key role in the automotive, electrical, and glass industries, as well as in hybrid and fuel-cell vehicles. The result: a widening supply-demand deficit that has become a cornerstone of this year’s rally.

Platinum Price Technical Analysis

Platinum opened the new week strongly after eight consecutive weeks of gains. Early Monday, the metal pushed above $1,600 for the first time since March 2013, reaching an intraday high of $1,625 before consolidating near $1,605.

Platinum price chart Year to date

Technical signals confirm the bullish trend:

The Relative Strength Index (RSI) sits at 77, placing platinum in overbought territory.
A short-term corrective pullback is possible, with support seen between $1,497 and $1,525.
Even if prices dip, the 25-day EMA around $1,437 should provide solid support, keeping the overall uptrend intact.

If momentum continues, analysts see platinum targeting $1,690 before any significant consolidation occurs.

Silver Price Outlook: Breakout Signals More Upside

While platinum shines, silver prices are also grabbing attention. The metal recently staged a decisive breakout above $44.22, a multi-year resistance level, paving the way toward a technical target of $49.81.

Key silver drivers include:

Support Zone: The $44 level, once resistance, now acts as strong support.
Bullish Trend: Weekly charts confirm silver remains in a sustained uptrend.
Investor Demand: As long as silver holds above $44.22, dips are likely to attract renewed buying, especially with Fed rate cuts still in play.

Silver price chart 6 months

Catalyst to Watch: U.S. Non-Farm Payrolls

This Friday’s U.S. Non-Farm Payrolls report could set the near-term tone for both platinum and silver. A weaker jobs report would strengthen expectations for further Federal Reserve rate cuts, weigh on the U.S. dollar, and reinforce precious metals’ upward momentum.

With inflation pressures persisting and monetary policy shifting toward easing, investors are increasingly positioning for long-term exposure to gold, silver, and platinum bullion.

Conclusion: Platinum and Silver Enter a Critical Phase

The platinum price forecast remains firmly bullish, supported by both macroeconomic uncertainty and tightening physical supply. Silver’s breakout adds to the momentum, highlighting how the precious metals complex is emerging as one of the most compelling investment stories of the decade.

For investors, the takeaway is clear: these metals are entering a new phase of revaluation. While short-term pullbacks may occur, the long-term outlook for both platinum and silver remains extremely constructive.

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