Platinum

platinum prices drop as global deficit grows

Platinum Focus: Weak Seasonals Despite Structural Deficits

You may be surprised to learn that platinum, despite facing a structural deficit in 2025, historically underperforms during late spring to early summer. From April 29 to June 24, the metal has dropped over the past 15 years, with a low win rate of just 20%. This weakness often stems from cyclical industrial slowdowns and seasonal investor flows. Even with declining supply and tight above-ground stocks, the pattern remains firmly intact.

Perhaps Platinum?

Platinum is sitting at a very key support level, just as the seasonal pattern looks promising. The two strongest months of the year for Platinum are in January and February. From January 30th through to February 18 there is an average return of 2.55% for Platinum and a 75%  winning trade percentage.

Platinum’s Push

Platinum has a very strong seasonal pattern to start the year. Over the last 25 years prices have gained over 75% of the time for an average return of 6.02%. The maximum drop in a positive year has been -7.38%, so the technicals look attractive for dip buying platinum if we see a pull back in early January.

Platinum play?

Platinum tends to see gains around the start of the year as Industrial purchases are made for the year from 2022. Yes, global growth concerns have been growing, but many company orders for 2023 would have already been made and…