20 January 2023 | Other

MKS PAMP Group: Platinum prices will rise above $1,350 in 2023 with a 30% probability

Analysts at MKS PAMP Group, a Swiss precious metals trading company, assessed the platinum outlook for 2023. As they stated, the precious metal is most likely to trade flat between $1,100 and $1,350 per ounce. The probability of this scenario is 50%, according to MKS PAMP Group.

Analysts opine that a rise in platinum prices above $1,350 per ounce is 30% probable. The probability of a fall in the precious metal’s prices is estimated at 20%. Platinum prices will average at around $1,100 during the year.

Nicky Shiels, the Head of Metals Strategy at MKS PAMP GROUP, outlined a range of factors which will boost the growth of the precious metal in 2023. First, platinum prices might be influenced by severe supply disruptions. The second factor is China’s economic recovery, which has already begun to increase platinum demand. Finally, the third factor is rising hydrogen demand, which is leading to an increase in platinum stocks.

Company MarketCheese
Period: 31.12.2025 Expectation: 6460 pips
Silver reaches new highs amid signs of overheated market
Today at 11:12 AM 29
Period: 02.01.2026 Expectation: 1000 pips
S&P 500 eyes another test of 6,920 in late December
Today at 10:23 AM 33
Period: 28.02.2026 Expectation: 1100 pips
AUDCAD selloff targets 0.9030
Today at 09:13 AM 17
Brent sell
Period: 26.12.2025 Expectation: 30 pips
Selling Brent crude down to $60.85
Today at 08:45 AM 14
Gold sell
Period: 31.12.2025 Expectation: 12000 pips
Gold faces correction as conflicting drivers cloud outlook
Today at 06:53 AM 55
Brent sell
Period: 26.12.2025 Expectation: 210 pips
Supply glut limits Brent crude growth
19 December 2025 39
Go to forecasts