Overview

• October platinum futures rose about 3.8% to $1,588.75 per ounce at 17:11 MSK after briefly topping $1,590 for the first time since April 2013.
• December silver futures gained 1.94% to $45.987 at 17:35 MSK after briefly crossing $46, a level last seen in May 2011.
• Platinum’s rally is linked to stronger buying by jewelers and to investors shifting exposure away from gold.
• The platinum market is in deficit for a third consecutive year, with 2025 output projected near a five-year low of roughly 7 million ounces.
• The pricing and intraday peaks were reported by RIA Novosti based on contemporaneous futures market data.