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: 05.12.2025 Expectation: 30000 pips
Chances for ETHUSD rebound increase near $2,700
Yesterday at 12:27 PM 24
Period: 27.11.2025 Expectation: 437 pips
Buying natural gas amid seasonal demand peak
Yesterday at 10:50 AM 24
Brent sell
Period: 15.12.2025 Expectation: 150 pips
Selling Brent from resistance at $64.4
Yesterday at 07:40 AM 25
Period: 27.11.2025 Expectation: 270 pips
Buying USDJPY amid fiscal risks and weaker yen
Yesterday at 06:46 AM 37
Period: 25.11.2025 Expectation: 1200 pips
NVIDIA’s quarterly report may send its shares down to $170
19 November 2025 59
Period: 26.11.2025 Expectation: 1050 pips
USDCAD hovers near lower boundary of ascending channel
19 November 2025 39
Go to forecasts