
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.