Despite losing positive momentum, platinum prices are still trading well above their key support level of $940, and a new artificial intelligence (AI)-based model has identified potential price targets for silver’s more expensive cousin over the next year based on available information and forecasts.
In fact, the price action of the rarest precious metal and popular commodity among investors is still moving towards $1,000, unlike gold, which has consistently surpassed its own record highs. However, some forecasts suggest that this could happen in 2025.
In this regard, Llama 3.1, the new AI model from Meta Platforms (NASDAQ: META), has provided insights that could help forecast the potential price trend of platinum in 2025 and has provided concrete predictions on the platinum price range from the perspective of August 23.
In fact, Meta’s AI platform has used available predictions from sources such as ANZ Research, WalletInvestor, UBS Bank (NYSE: UBS) and the World Platinum Investment Council (WPIC) and concluded that the potential price range for platinum in 2025 between 900 and 1,200 US dollars per ounce.
For example, in January this year, experts at WPIC expressed their expectation that the platinum market would “remain undersupplied until at least 2028,” with average supply deficits of 550,000 ounces between 2025 and 2008, which, as their report shows, will lead to higher prices.
Platinum price analysis
So what is the price of platinum today? It is currently trading at $950.77, which represents a daily loss of 1.19%, a 0.04% increase from the previous week, a 0.97% decrease on the monthly chart, and a 2.96% decrease since the beginning of the year. At the same time, the price of platinum per gram was $33.85 at the time of writing.
Ultimately, this precious metal could have a mixed performance for now, but its limited supply could lead to sustained buying pressure, resulting in a steady price increase in 2025. Still, when investing significant amounts of money, it is crucial to do your own research.
Disclaimer: The content of this website does not constitute investment advice. Investments are speculative. When you invest, your capital is at risk.
