Platinum and Palladium Maintain Strength Post-Rally, Show Bullish Continuation Patterns
Platinum prices have surged past $2,100 per ounce, marking a 5.19% gain in the latest trading session. The metal now trades at $2,176, significantly higher than previous cycles that hovered around $950. This repricing reflects sustained bullish momentum despite recent pullbacks.
The most aggressive leg of the rally occurred between late 2025 and early 2026, when platinum skyrocketed from $1,700 to $2,800 per ounce. While prices have since consolidated between $2,100-$2,200, the $2,000 psychological support level remains firmly guarded by buyers.
Market structure suggests potential for further upside if the $2,100 support holds. Traders are watching for a retest of higher resistance levels as demand continues to outstrip supply in the platinum market.
