Citi(US:C) news flash·2025-07-16 06:22Core Viewpoint - Citigroup has raised its price targets for platinum group metals and silver, citing increased investment demand and tightening physical market risks [1] Price Target Adjustments - Platinum price target has been increased to $1,250 per ounce, while palladium's target is now set at $1,050 per ounce, driven by enhanced investment demand and supply risks [1] - Silver price forecast for the next 0-3 months has been raised to $40 per ounce, with an average expected price of $42 per ounce in Q4, up from a previous estimate of $40 [1] Market Performance - Year-to-date, spot platinum has risen over 50%, and palladium has increased by more than 30% [1] - The sustainability of the price increase is contingent on the recovery of end jewelry consumption in China [1] Supply Risks - Supply risks for platinum group metals are rising due to potential sanctions on Russia and Impala Canada's decision to accelerate the closure of the Lac des Iles mine, which supports palladium prices [1]