Gold is clearly the winner in the precious metals trio, with silver winning the second-place medal, but platinum has lagged behind gold and silver. At the end of 2015, platinum and gold both traded barely above $1,000, but since then, gold has tripled to $3,000 an ounce and above. To the contrary, platinum has hovered around $1,000 an ounce in a narrow trading range between $800 and $1,200 for about a full decade.
That began changing in 2025. From a low of $894 an ounce during the tariff negotiations on April 7, platinum rose 22%, reaching $1,090 on May 21. It hasn’t matched gold’s gains yet, but it is challenging silver as the No. 2 performing metal in 2025. It is perhaps because, like silver, platinum rises or falls more…
