Platinum Price Unchanged as Market Awaits Updates – Forecast 16/10/2025

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Platinum price remained largely unchanged since yesterday, fluctuating just below the $1690.00 level and exhibiting intraday sideways movement as it gathers momentum for a potential upward push.

Sustained support above $1600.00, coupled with a stochastic rally above the 50 level, enhances the likelihood of a breakout. This could pave the way for new record highs, with initial targets near $1745.00 and $1835.00.

The expected trading range for today is between $1635.00 and $1745.00.

Trend forecast: Bullish

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