$PAXG

It's not just a fleeting price movement, but rather reflects a significant structural shift in both the precious and industrial metals market.
First: Supply Shock
The platinum market has been suffering for years from structural bottlenecks on the supply side, especially in South Africa, which is the backbone of global production. Declining investments, energy issues, and operational disruptions have led to a recurring shortfall in the market, and with any improvement in demand, this shortfall directly translates into upward pressure on prices.