Platinum Price Forecast & Long-term Predictions

Platinum Projections For Next 10 Years

The global platinum market size is projected to reach USD 11.95 billion by 2031.

During the next 10 years, experts foresee a long-term increase of the asset's quotations. Given its background, local or medium-term corrections are possible. In particular at the beginning of the decade. But eventually the drawdowns will be redeemed.

The consensus forecast for the value in 2033 is about $2000. That's about 140% higher than the current prices. Thus, this metal is unlikely to help boost capital much. The returns expected are not much higher than the broad stock market. And the risks involved are considerably higher.

On the horizon of 10 years, platinum can be considered only as a diversification tool. Nevertheless, some experts believe in the rapid development of green hydrogen energy. Under their predictions, the value of this metal is severely undervalued.

Platinum price prediction 2030

In the year 2030, analysts promise to see the troy ounce in the range of $1500-$1600. This is only 90 per cent higher than the current level. Moreover, it is noticeably lower than the historical maximums.

There are also more optimistic experts. They call figures of $3500-$4000 per ounce. But such a prediction of platinum prices forecast 2030 looks too optimistic.

It is believed that the cost of this metal is determined by the supply and demand ratio. But the year of 2023 has demonstrated other factors to be stronger. Despite the growing deficit, quotations are not going up. Therefore, a moderate expectations look more likely.

Platinum forecast 2040

The expectations for 2040 are positive. Experts believe that the metal's value will definitely be higher than the current one. The main bullish factors:

• inflation, driving all real asset prices upwards;
• decline in reserves;
• hydrogen energy development.

A separate question is the growth rates of quotations. Most analysts agree upon the fact that they will remain modest. The consensus forecast is 10-15% per year on average, taking into account local drawdowns. They fail to promise multiple appreciation of platinum like gold.

The situation may change radically when new technologies appear. When demand for the metal increases, its value will rise more than expected.

Platinum Future price 2050

Experts give an optimistic outlook for 2050. Most analysts believe that the demand for the metal will grow over the long horizon. They also believe that its scarcity will start to have a serious impact on the market.

When such a thing happens, this metal will prove to be a good long-term investment. But the longer the time horizon, the less reliable are the forecasts of futures prices. Therefore, experts find it difficult to give exact figures.

Analysts note that since 2015, the cost has been moving within a narrow range. It is less volatile than gold quotations. Therefore, this investment instrument is recommended for diversification and hedging.