Platinum ETF (PLTM) Hits New 52-Week High
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GraniteShares Platinum Trust PLTM is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 65.8% from its 52-week low price of $8.72/share.Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.PLTM in FocusThe GraniteShares Platinum Trust is designed to seek the performance of the price of platinum less trust expenses. The product charges 50 bps in annual fees.Why the Move?Platinum prices have been rising lately, driven by supply shortages. Declining mine output and weak recycling are tightening supply, as quoted on tradingeconomics.com. Meanwhile, demand remains decent from autos, jewelry, and a jump in investment inflows. Investment in platinum bars and coins has surged by as much as 660% year over year in Q2 of 2025, as quoted on discoveryalert.com.au.More Gains Ahead?The ETF PLTM might continue its strong performance in the near term, with a positive weighted alpha of 59.33 (per barchart.com), which gives cues of a further rally.Boost Your Portfolio with Our Top ETF InsightsZacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.Don’t miss out on this valuable resource. It’s free!Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks