BREAKING: Platinum prices surge above $2,200, now at their highest since June 2008.

Platinum prices are now on track for their 9th consecutive daily gain, the longest streak in at least 2 years.

Over this period, platinum prices have rallied +32% and are just 5% away from the intraday all-time high set in March 2008.

Year-to-date, platinum prices have surged +142%, putting the metal on track for the best year since at least the 1960s, far surpassing the previous records of +87% in 1978 and +96% in 1979.

This comes as the London market is seeing tightened physical supply, with banks moving metal to the US to hedge against potential tariffs.

At the same time, exports to China have been strong this year, while the launch of platinum futures trading in Guangzhou is boosting demand.

The platinum market is experiencing a supply-driven squeeze.