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Platinum

The Platinum price has risen by more than 80% in the year that is coming to an end, putting it on track for its strongest annual gain since exchange trading began 38 years ago. The annual high was recorded in October at just over $1,730 per troy ounce and was almost reached again at the beginning of December, which corresponds to the highest level since February 2013. The price increase was driven ...

Silver

Silver traded at around $57.45 an ounce, more than a dollar below the all-time peak reached in the previous session. Traders have been betting on continued supply tightness and expectations for another interest-rate cut in the US, a tailwind for non-yielding precious metals.

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Siegfried Jacob Metallwerke GmbH & Co. KG, part of the Germany-based Jacob Metal Group (JMG), has acquired Auris Noble LLC, an Akron, Ohio-based recycler and refiner of precious and rare earth metals.

Unprecedented market conditions during the third quarter helped drive platinum prices to their highest level in nearly 15 years. And as prices could continue to consolidate at elevated levels in the near term, the market remains well supported through 2026, according to the latest report from the World Platinum Investment Council (WPIC).

Silver Structural Deficit

A slowing economy is taking its toll on silver’s industrial consumption, with demand expected to fall by 4%; however, demand won’t fall enough to reset the current imbalance in the marketplace.

Platinum

The Guangzhou Futures Exchange will publish details of platinum and palladium stockpiles when it launches China’s first derivatives market for the precious metals, offering a rare insight into demand.

Precious Metals

The global precious metals market experienced a significant downturn on Friday, Nov. 14, 2025, as gold, silver, and platinum registered a broad sell-off and substantial price pullbacks.

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Gannon & Scott, a leading provider of precious metal refining and recovery services in North America, today announced that it has signed a definitive agreement to join Metalor Technologies, one of the most respected names in the global precious metals industry and part of TANAKA. The transaction is expected to close following approval by regulatory authorities, after which Gannon & Scott will ...

Gold

Spot gold fell as much as 2.2% to $4,023 per ounce on Monday, marking its lowest level since last Wednesday. The decline came after last week’s steepest gold drop since April 2013, when the metal had reached a high of $4381 last Monday. “Gold finally entered a proper correction phase last week after nine consecutive weeks of gains,” said Bruce Ikemizu, chief director of the Japan Bullion Market ...

Auto Catalyst Recycle

PGM prices in 2025 are supportive of recycled supply growth (Figure 1). However, platinum automotive recycling supply is not expected to recover to the peak level reported in 2021, and we expect this to contribute to sustained platinum market deficits through 2029.