Market Trends & Supply/Demand Dynamics - Platinum prices experienced a significant surge, increasing by 40% in the first half of 2025 [1] - The platinum market is facing a supply deficit for the third consecutive year, with a shortage of nearly 1 million troy ounces out of an approximate 8 million troy ounce annual market [2] - Platinum supply from South African mines decreased by 12% in the first quarter [3] - Platinum recycling from scrap cars has declined from 2022 levels [3] - Demand for platinum is increasing from China, the world's largest consumer [3] Investment & Pricing - Investment demand for platinum has increased by 300% year-over-year due to record gold prices [4] - Platinum futures are in contango, suggesting that near-term supplies are not as tight relative to demand [4] Industry Applications - Platinum is used in jewelry, catalytic converters, and new hydrogen technologies [1]

Silver will extend a rally beyond $40 an ounce in the coming months on tightening physical supplies and growing investment demand, according to Citigroup https://t.co/kD7ZzQKIMP ...

Core Viewpoint - The article discusses the paradox of increasing investment demand for precious metals despite expectations of supply surplus due to trade policies leading to a shift of metals from New York to other markets like London and Switzerland [1] Group 1: Supply and Demand Dynamics - There is an expectation of supply surplus in the precious metals market, which is influenced by trade policies [1] - Investment demand for precious metals continues to rise, indicating a disconnect between supply expectations and actual market behavior [1] Group 2: Market Movement - Precious metals are being redirected from New York to other markets, such as London and Switzerland, highlighting shifts in trading patterns [1]