Platinum Is Acting Out In The New York Market
Yesterday, Wednesday May 21, 2025, platinum futures trading on the CME COMEX (formerly NYMEX) posted the highest trading volume in history.
Platinum futures are 50 oz. contracts.
Figure 1 - Platinum CME COMEX Near Futures Price, Total Open Interest, Total Volume; source: GoldChartsRUs.com
COMEX warehouses held 410,452 oz. of platinum on May 21:
Figure 2 - Platinum CME COMEX Warehouse Vault Holdings; source: GoldChartsRUs.com
Best regards,
David Jensen
I just read from a post its China that is buying too as Gold is currently too pricey. Maybe they just want to get any commodities they can get their hands on. Especially those that are being suppressed by the west.
So, open interest = 10x stockpiles, almost to the ounce - is my math right?
This is fine. What could possibly go wrong ?
👍