Platinum (XPT) Price Surges 31.5% in 8 Weeks, Outshines Silver (XAG)

Platinum (XPT) price jumps 31.5% in 8 weeks, beating Silver’s (XAG) 26.4% gain. XPT emerges as the most undervalued precious metal.

Platinum (XPT) Outpaces Silver (XAG) in Recent Precious Metals Rally

While Silver (XAG) continues to draw attention with a notable 26.4% gain, it's Platinum (XPT) that's quietly taking the lead. According to the X post on Twitter by @Themarketsniper, Platinum has surged 31.5% in just 8 weeks, making it the standout performer among precious metals.

As shown in the chart, XPT/USD broke through a key descending resistance line, moving from a recent low near $880 to a high of $1,157.24, with a sharp +27.63% move in that swing alone. This breakout is gaining traction, pushing the metal toward higher technical targets.

Key Levels Suggest More Upside for Platinum (XPT) Price

The chart indicates several important support and resistance levels for Platinum (XPT). With the Point of Control (POC) at $1,019.7, and Value Area High near $1,098.7, XPT is now testing the upper range of a long consolidation pattern. If momentum holds, the next resistance lies at $1,267.58, representing a possible additional upside of over 9.5% from current levels.

Support zones are identified at $1,002.4 and $963.75. As long as the price remains above these, bullish traders will likely stay in control. Given the strong structure, the Platinum price of $1,157 looks well-positioned to attempt another leg higher.

Traders Say Platinum (XPT) Is “The Most Undervalued” Precious Metal

According to the Twitter post, Platinum (XPT) is still seen as “the most undervalued of all PMs.” This sentiment is echoed by recent price action, where the asset outperformed peers like Silver (XAG) despite receiving less media coverage.

While XAG currently trades around $28.45, its recent gain is still behind Platinum’s explosive movement. Technical traders are now closely watching XPT as its breakout gains steam. Should momentum continue, Platinum could shift from being the underdog to the headline act in the precious metals sector.