Platinum 2027 forecast. keep a track of daily trend of platinum.
Platinum (near dated CME future) has lost 19.73% between 1st January 2026 to 15th October 2026. BUT risen 82.67% between 1st January 2025 to 15th October 2026. Platinum has demand beyond jewellery and defence.
2025: Record deficit exceeding 1.40 million ounce and heavy ETF and physical accumulation started Platinum rise.
However in 2026, modest resulted result in the sell off and negative return for platinum investors. Gold and silver have been steadily falling from February 2026. Platinum alone is not falling. Platinum ETF demand has been falling after the Iran war as traders preferred crude oil and AI stock investment.
Mass cannot wear Platinum jewellery due to high making charges and lack of 24/7 selling market (in time of need) as compared to gold. Making charges for Platinum jewellery is falling but numbers of stores is still limited (except online sellers) in India. China is the biggest market for Platinum jewellery. Chinese demand has fallen in the first eight month of 2026.
SOME TECHNICAL NUMBER for CME PLATINUM FUTURE
- 2026 Average closing price (till 16th October): $1931.43
- Average closing price 2025-2026 (till 16th October): 1810.90
- 200 day simple moving average: $1931.70
- 400 day simple moving average: $1656.50
- 600 day simple moving average: $1429.90
Gold/Platinum ratio (for the past six hundred trading sessions) tells us that it needs to trade over 2.50 for Platinum to be bullish. Current Gold/PL ratio is at 2.56. Not a very hyper short term bullish scenario for PL based in gold/PL ratio.
Long term bullish trend is intact as gap between six hundred day simple moving average and last closing price is over two hundred USD. For a long term bearish trend a sustained fall in price by over ten percent is needed.
Platinum will follow gold and other precious metals. I do not call platinum a common man safe haven. A bearish trend (if any) in US stock markets, in the next fifteen months will cause PL to plunge more than gold. This is my biggest worry. I am worried over US stock markets reliance on AI stocks and Defence stocks for index rising.
Technical View till 31st December 2027
Key supports: $1103.80 and $1306.10
Key resistances: $1960.00, $2325.80
Bearish View Case for 2027: A daily close below $1660 for two consecutive weeks will result in $1306.10 and $1103.00. (Crash, if any, has to be backed by some fundamental reason or the other.)
Bullish View Case for 2027: Near dated CME platinum future can rise to $2460.10 and $3018.50 as long as it trades over $1306.10.
In the next three months near dated CME platinum future can move $300-$350 either side from $1633.10 closing price. (on 16th October.)
Long term fundamentals are strong for Platinum. Supply deficit will persist for industrial users for the next few years. Mines are getting exhausted for Platinum and infact all metals. New mine discovery is long way.
The only negative for Platinum demand is Pure electric vehicle. It will take over a decade more for the world to be mostly on electric vehicle. Sodium-Ion battery operated vehicle do not use platinum. Sodium -ion battery has started commercial use in China. it will be in use in a big way from 2027 and future year. Increased usage of pure sodium-ion battery pack operating vehicle will reduce the incremental demand of PL and also reduce the long-term pace of rise and not the actual rise.
Hybrids and large transport fleet will continue to use Platinum. AI data centres will be one the largest consumer of Platinum after defence. I am unaware of recycling demand numbers in Platinum.
Just like gold and silver, I find less number of bearish reason and more bullish factors. (fourty two months time frame). India does not have any Platinum stocks or Platinum future. MCX India, had started Platinum future in 2009 but failed to attract volume and hence was closed. As an Indian, I can invest only in global Platinum mining companies and nothing else.
PL = Platinum.
Platinum price quote is that of near dated active CME future.
Platinum CME January future settlement price on 16th October 2026 is used for technical analysis.
NOW IN EUROPE
France is burning. Jews and Christians shops were targeted in the plan. There is evidence on social media that Muslim owned shops were left in the French riot on the weekend. Israel is keeping its mouth shut. I did not hear any condemn from the Vatican. Something bigger is brewing which world does not know. Global riots are a cover up for something big about to happen and/or has started happening. The best hedge is to own keep physical gold in the pocket of any family member.
DISCLAIMER
The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.
Disclosure
I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.
NOTES TO THE ABOVE REPORT
- ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
- PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
- PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
- THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
- ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.
- ALL NEWS IS TAKEN FROM REUTERS NEWSWIRES.
- TECHNICAL ANALYSIS IS DONE FROM TRADINGVIEW SOFTWARE
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