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After a powerful start to 2025, the precious metals market has entered a brief but important phase of consolidation. Gold, which surged to record territory earlier this year, has been trading in a relatively tight range for the past several weeks. Meanwhile, silver and platinum have made impressive strides, narrowing the performance gap. As of mid-year, gold and silver are each up approximately 26% year-to-date, while platinum has delivered a remarkable 54% gain. So what’s next for the metals market? Some investors may wonder if this is the end of the rally—but at Indigo Precious Metals, we believe it's more of a pause before the next leg higher.

Most investors don’t fully appreciate this fact: platinum is a precious metal. And not just any precious metal — it’s significantly rarer than gold.