Platinum surges 3% reaching May 2021 highs amid short squeeze 📈

Open account Download free app

Platinum surges almost 3% today, rising to $1240 per ounce, the highest level since May 2021. Demand from jewellers (especially in China), pressured by rising gold prices also lifts platinum up, tightening the spot market. Platinum lease rate is surging since the beginning of 2025, to almost 15% level today, the highest since data are collected (2019).

Strong prices momentum with the biggest weekly price swing since Covid-19 crash leads to massive liquidation of bearish positioning, making speculators pressured by market 'short squeeze' structure. What's important, not only platinum but also gold and silver are surging, supporting 'technicals' and general interest in platinum as the most rare precious metal.

According to the World Platinum Investment Council, market tightness is observed since December 2024 and deficit in 2025 is a base case scenario, despite NYMEX outflows. Holdings in platinum-backed exchange-traded funds (ETFs) have reached a 10-month-high. Platinum futures are slightly above spot prices now.

Source: xStation5

6 February 2026, 6:59 PM

Daily Summary: Euphoria on Wall Street; SILVER rebounds 10% 📱

6 February 2026, 5:22 PM

Three markets to watch next week (09.02.2026)

6 February 2026, 3:24 PM

US100 gains after the UoM report🗽Nvidia surges 5%

6 February 2026, 2:51 PM

Geopolitical Briefing (06.02.2026): Is Iran Still a Risk Factor?

Commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days