Marina Lyubimova
⬤ Platinum just hit the brakes after an impressive run. January 2026 platinum futures wrapped up a nine-day winning streak—the kind of sustained rally that doesn't happen every day in metals trading. The streak finally ended with a small pullback, but not before prices climbed nearly vertically through most of December.
⬤ As of December 24, 2025, platinum futures were trading around $2,272.9, down about $14.5 or 0.63 percent. That's barely a scratch compared to the massive move higher from the mid-$1,600 range earlier this month. The chart tells the story clearly: nine consecutive green candles stacked up before the first red one appeared, marking the end of this unusually strong stretch.
⬤ What made this rally stand out was the consistency—day after day of gains with almost no pause. The price action shows buying pressure that just kept building through mid and late December, pushing platinum well above the $2,200 mark. One down day doesn't mean the party's over, but it does snap that remarkable chain of consecutive gains.
⬤ Platinum isn't just a precious metal sitting in a vault somewhere. It's also an industrial workhorse used in everything from catalytic converters to electronics. When platinum moves this hard and fast, it ripples through the broader metals market. The question now is whether this is just a breather before another leg up, or if platinum's settling in after one of its strongest short-term rallies in recent months. Traders will be watching closely to see if the metal can hold these elevated levels or if it's ready for round two.
Marina Lyubimova
