PLATINUM

PLATINUM Weekly Special Report based on 1 Lot Calculation:

GEOPOLITICS: WAR IN THE MIDDLE EAST

• CONFLICT INTENSIFIES IN THE MIDDLE EAST: Iran continues to flood with ballistic missiles and drones the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Jordan, and Iraq. The Strait of Hormuz remains closed, disrupting shipping and energy exports. As of March 19, both USA and Iran have unilaterally rejected ceasefire talks.
• IMPACT OF WAR ON PLATINUM: Strait of Hormuz closures have raised energy costs for South African and Zimbabwean mines. Russian supply risks could remove over 10% of global platinum. Industrial demand is rising for missile and drone components, while refinery delays, logistics disruptions, wider physical premiums tighten available supply, and this is solidifying as the conflict continues.

PLATINUM USE AND MARKET SHARE:

• PLATINUM has been a key element in auto catalysts for over forty years, especially for diesel engines, and is increasingly vital in hydrogen fuel cells. The automotive sector is its largest consumer, accounting for about 40% of annual demand.
• MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer, with 34%, while Europe holds 22%, and North America holds 16% of the platinum consumed worldwide.

PLATINUM MARKET: TIGHT SUPPLY AND STRUCTURAL DEMAND UNDERPIN 2026 OUTLOOK

• MARKET DEFICIT: PHYSICAL INVENTORY LEVELS BECAME EXTREMELY LOW GLOBALLY. By late December 2025, platinum inventories were reported to cover only about five months of global consumption, a historically tight level that puts upward pressure on pricing when buyers compete for metal. This depletion of inventory is explicitly cited as a key driver supporting rising platinum prices because it means there is very little buffer metal available for buyers. (Source: CME Group)
• INDUSTRIAL DEMAND: AUTOCATALYST SUBSTITUTION AND INDUSTRIAL USE SUPPORT VOLUMES. Platinum demand remains resilient, supported by ongoing substitution from palladium in automotive catalysts and sustained industrial consumption across chemicals, refining, and heavy industry, underpinning structural demand into 2026.

EVENTS:

• TUESDAY, MARCH 24 AT 14:45 GMT: US S&P GLOBAL MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (MARCH). A key indicator of output, new orders, and employment in the sector. A strong PMI reading could signal increased industrial demand for platinum, potentially supporting prices, boosting investor confidence, and reinforcing expectations of broader economic expansion in the industrial sector.
• THURSDAY, MARCH 26 AT 13:20 GMT: US INITIAL JOBLESS CLAIMS. Weekly report measuring the number of new filings for unemployment benefits in the U.S.

TECHNICAL ANALYSIS:

• WEEKLY MOVING AVERAGES CONFIRM UPTREND: Price continues to trade well above 50- and 100-week moving averages, confirming mid-term uptrend.
• UPTREND STRUCTURE REMAINS IN PLACE: Price action is firmly supported by the upward-sloping trend line (black), which has acted as a reliable dynamic support since May 2025.
• PRICE ACTION: Platinum price hit an all-time high of $2,920 (January 26, 2026). Platinum currently trades at around $1,930, and if a full recovery takes place, then platinum prices could see an upside of around 51%. However, it could also decline.

GRAPH (Weekly): Jan 2023 - March 2026

Please note that past performance does not guarantee future results

Platinum, March 19, 2026
Current Price: 1,930

Example of calculation based on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 09:30 (GMT) 19/03/2026

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than the suggested one.
• Trailing stop techniques could protect the profit.