Our annual platinum price forecast is one of those important forecasts because of the upside potential of this grey metal. According to our platinum forecast we expect a bullish breakout between 2020 and 2022. Platinum’s price ultimately has an upside potential of 80% ($1800/oz) and a base case bullish upside of 30% ($1350/oz). These forecasted price targets will likely be met in 2021 or 2022. The prerequisite is that platinum has to cross $1100/oz. Our 2020 forecast for platinum is mildly bullish while our 2021 forecast (going into 2022) is wildly bullish. We consider this platinum price forecast to be one of the must read forecasts of InvestingHaven’s research.
NKP Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
