JUST IN: SPOT PLATINUM EXPLODES
ABOVE $2,470/OZ
Spot platinum just surged past $2,470 per ounce, marking a powerful upside breakout as precious metals continue to heat up.
What's driving the move:
Tight physical supply and declining mine output
Rising industrial demand (autos, hydrogen, green tech)
Capital rotating from gold & silver into lagging metals $ASTER
Inflation hedging + commodity supercycle narrative
Why it matters:
Platinum has massively underperformed gold for years activating mean reversion trade now
Break above key resistance could trigg CTA + momentum buying
Strength in platinum often signals broader commodities bull phase $ASTER
Big picture:Gold at ATHS.
Silver vertical.
Now platinum wakes up.
▲ If metals keep ripping, risk assets including crypto shift next.
