A multi-decade base has resolved, and the long-term roadmap points meaningfully higher.
By Sam Gatlin, Jason Perz
December 22, 2025
Back in late June, we wrote that Platinum was finally waking up.
This came after spending more than a decade going nowhere, lagging every other precious metal, and frustrating just about everyone who touched it.
Platinum was beginning to breakout of a long, grinding consolidation and show real signs of leadership.
At the time, it was trading at the highest level since 2014 and had just begun to catch up to the rest of the complex after years of underperformance.
We framed it as a classic catch-up trade inside a broader secular bull market in precious metals, the kind that starts quietly, accelerates suddenly, and then leaves latecomers scrambling to understand what they missed.
Since then, Platinum hasn’t cooled off.
Instead, it has continued to do exactly what real bull markets do once they get going.
It has absorbed supply, pushed through resistance, and expanded higher with authority.
What began as a breakout above a multi-year range has now become much bigger.
Platinum futures are no longer just making new cycle highs.
They are now breaking out to the highest level since 2008 as the price clears a key former resistance zone.
This is no longer a short-term momentum story. It's a structural shift.
The long-term Platinum futures chart makes that clear immediately.
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