<p>After yesterday's 4.49% surge, platinum has broken through the key $1,200 to $1,300 resistance zone that had been a major hurdle—an encouraging bullish signal.</p>
<p>Last week, I published <a href="https://www.moneymetals.com/news/2025/06/11/a-report-on-the-bullish-case-for-platinum-004116" rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=https://www.moneymetals.com/news/2025/06/11/a-report-on-the-bullish-case-for-platinum-004116&amp;source=gmail&ust=1750419483364000&usg=AOvVaw2T8h_0SIpujLCoJYwvDywR">a detailed report</a> on the bullish case for platinum—even though my usual focus is on gold and silver. In it, I highlighted several bullish tailwinds: a nearly 1 million-ounce supply deficit over the past three years, historically low valuations, a strong technical setup, and rising demand from Chinese jewelry buyers who are increasingly turning to platinum as gold prices soar.</p>
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<p>I also pointed out the key $1,200 to $1,300 resistance zone just overhead, noting that it could pose a short-term challenge—but that a breakout above it would signal further upside. </p>
<p>Well, after yesterday's 4.49% surge—which brings platinum’s gains over the past three months to nearly 50%—it has decisively broken through that resistance, confirming its technical strength. Let’s take a closer look at where platinum stands now and what may lie ahead.</p>
<p>A look at the daily chart confirms that platinum initially struggled at the $1,200 to $1,300 resistance zone, just as I anticipated—but that struggle was short-lived. After yesterday's rally, platinum now stands firmly above this critical zone:</p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-1-CFDs-Platinum-Jesse-Colombo-Money-Metals-min.png" width="800" height="541" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p>The weekly chart highlights the $1,200 to $1,300 resistance zone even more clearly than the daily chart—and shows that platinum is now trading above it. That said, I’d ideally like to see a strong weekly close above this zone, which we’ll find out at Friday’s close.</p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-2-CFDs-Platinum-Jesse-Colombo-Money-Metals-min.png" width="800" height="540" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p>The long-term monthly chart, which spans the past two decades, also highlights the significance of the $1,200 to $1,300 resistance zone—initially established by price peaks in 2016 and 2021. While I’d ideally like to see a monthly close above this zone for added confirmation, platinum is already looking very strong following yesterday's daily close.</p>
<p>The next major price target I’m watching is the $1,700 to $1,900 resistance zone, defined by peaks from the early 2010s. Considering how undervalued platinum remains—even after its recent rally—reaching that level shouldn’t be too difficult in the near future.</p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-3-CFDs-Platinum-Jesse-Colombo-Money-Metals-min.png" width="800" height="540" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p>I also monitor precious metals prices in euros, as it removes the <a href="https://www.moneymetals.com/news/2025/06/13/dollar-hits-3-year-low-heres-what-it-means-for-precious-metals-004126" rel="noreferrer">influence of U.S. dollar fluctuations</a> and often reveals the underlying trend more clearly. In euro terms, platinum has just broken above the €1,000 to €1,100 resistance zone—a very encouraging sign. </p>
<p>The next target is the €1,200 to €1,400 resistance zone, which was formed by the highs of the early 2010s. A decisive breakout above that zone into blue-sky territory would be a powerful bullish signal, indicating even further gains likely ahead.</p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-4-Platinum-Euro-Jesse-Colombo-Money-Metals-min.png" width="800" height="540" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p>As a staunch precious metals and commodities bull, it’s both fascinating and encouraging to see platinum finally waking up in a big way after 15 years of stagnation—especially as it coincides with <a href="https://www.moneymetals.com/news/2025/06/12/silver-shines-debt-soars-what-every-investor-needs-to-know-004119" rel="noreferrer">silver breaking out</a> and gold holding strong, even as it consolidates after its earlier rally this year. </p>
<p>While platinum remains a niche investment and a much smaller market compared to gold and silver, I still welcome this development. It’s likely to draw increased investor interest and media attention to the broader precious metals space, which I believe still holds significant upside despite the strong gains over the past year.</p>
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