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Platinum is latest precious metal to see price surge and squeeze fears
With the dust barely settled on the recent squeeze in the silver market, and with gold just this week experiencing a violent price correction, precious metals traders are contending with yet another drama, this time in the platinum market. Spot prices for platinum in London surged by as much as 6.4% to $1,646.03 an ounce on Wednesday, the biggest intraday jump since 2020. Platinum futures on Nymex also jumped, but only as much as 4.1%. London and New York prices typically trade in lockstep, so the blow-out in the differential between the two is highly unusual. The benchmark spot contract hit a $53.45-per-ounce ... (full story)
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- Oct 22, 2025 7:15pm Posted byFundamental Analysis169
