Platinum Prices Surge to Record Highs, PLTM ETF Leads the Charge
Platinum prices have surged to record highs, with the GraniteShares Platinum Trust ETF (PLTM) leading the charge. This bullish trend, ongoing since 1999, has seen platinum futures breach critical resistance levels and reach unprecedented heights.
PLTM, which tracks platinum's price, has seen remarkable growth. From April to September 2025, it rallied 77.2%, climbing from $8.76 to $15.52 per share. This impressive run was accompanied by dow futures surpassing $1,640 per ounce in early October 2025, the highest since 2013. In late September, futures even touched $1,650, a level not seen since the early 2000s.
This rally began in June 2025 when NYMEX platinum futures broke out of a decade-long consolidation pattern. Since then, platinum has risen above the February 2021 high of $1,348.20 per ounce. The bullish momentum has been sustained, with dow futures rising for nine consecutive quarters, including the fourth quarter of 2025.
While silver has also shown strength, rising from its March 2020 low and nearing its 2011 and 1980 highs, platinum's performance has been exceptional. Despite being rarer and more illiquid than gold and silver, platinum futures' price volatility has not deterred investors. PLTM's Seeking Alpha ETF Grades reflect this, with an A+ for performance, a B+ for liquidity, and a C+ for expenses.
Platinum's bullish trend continues, with PLTM leading the way. Despite its rarity and illiquidity, platinum futures' price volatility has not dampened investor enthusiasm. With dow futures reaching record highs and PLTM's strong performance, the metal's appeal remains undiminished. However, investors should remain aware of its higher expense ratios compared to other precious metal ETFs like PPLT.
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