Staff Answer
May 06, 2026 - 06:28 AM
At 9 AM ET, platinum is trading at $2,031.60 per ounce, up 2.16% from yesterday’s $1,988.70. While gold and silver are moving on macroeconomic data, platinum’s climb is largely supply-side driven. Analysts point to continued power-grid instability in South Africa, which has hampered refined output at major mines. As the global supply deficit widens, investors are increasingly viewing platinum as an undervalued alternative to gold, especially as green-hydrogen technology applications begin to scale.
