Platinum is staging a spectacular rally this year, rising more than 30% in June alone and hitting $1,390 per ounce—its highest level since September 2014—putting it on track for its best monthly performance since 1986.
The precious metal, closely tracked by the GraniteShares Platinum Shares ETF (NYSE:PLTM), has gained over 50% year-to-date, more than doubling the returns seen in gold, which is up 25%, and silver, which is up 24%, as investors chase platinum amid expectations of continued structural deficits.
