Platinum
PL=FRare precious metal with critical automotive and industrial catalyst applications.
As of Nov 5, 2026, Platinum (PL=F) closed at $1,550.00 /oz, representing a -49.46% drawdown from its all-time high of $3,067.00 /oz recorded on Jan 27, 2026 (282 days ago). Returning to all-time high requires a +97.9% gain.
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Historical Maximum Drawdowns & Annual Drops
Deepest peak-to-trough drop recorded within each calendar year.
Over the last 10 completed years, Platinum experienced an average intra-year drawdown of -21.8% lasting an average of 165 days peak-to-trough, with its deepest drawdown reaching -38.9% in 2020.
| Year | Max Intra-Year Drawdown | Peak High | Bottom Trough | Peak-to-Trough | Yearly Return |
|---|---|---|---|---|---|
| 2025 | -13.19%Pullback | Dec 28, 2025 $2,478.50 | Dec 31, 2025 $2,151.50 | 3 days | +134.86% |
| 2024 | -16.36%Correction | May 19, 2024 $1,095.19 | Dec 31, 2024 $916.06 | 226 days | -9.16% |
| 2023 | -23.77%Correction | Apr 20, 2023 $1,133.26 | Nov 9, 2023 $863.86 | 203 days | -5.95% |
| 2022 | -28.11%Correction | Mar 8, 2022 $1,177.00 | Sep 1, 2022 $846.15 | 177 days | +10.54% |
| 2021 | -30.87%Bear Market | Feb 14, 2021 $1,337.30 | Dec 14, 2021 $924.50 | 303 days | -10.31% |
| 2020 | -38.93%Bear Market | Jan 15, 2020 $1,041.45 | Mar 19, 2020 $636.00 | 64 days | +9.84% |
| 2019 | -12.89%Pullback | Apr 7, 2019 $915.50 | May 30, 2019 $797.51 | 53 days | +23.46% |
| 2018 | -23.56%Correction | Jan 24, 2018 $1,028.61 | Sep 4, 2018 $786.25 | 223 days | -14.86% |
| 2017 | -14.96%Pullback | Feb 26, 2017 $1,044.72 | Dec 12, 2017 $888.47 | 289 days | +3.21% |
| 2016 | -14.89%Pullback | Sep 11, 2016 $1,066.00 | Dec 27, 2016 $907.26 | 107 days | -14.86% |
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Platinum Historical Maximum Drawdown & Bear Market History
Historical Maximum Drawdowns & Major Crashes
Platinum touched an all-time peak of $2,276/oz in March 2008 before plunging -66.5% during the Global Financial Crisis down to $763. Subsequent technological transitions away from diesel automotive catalysts and expanded South African mine output sustained a multi-year bear market that bottomed at -75.4% ($558/oz) during the March 2020 market dislocation.
Typical Pullback Frequency
Platinum prices are heavily tied to heavy-duty automotive catalyst demand and industrial fabrication. Cyclical contractions of -20% to -35% routinely occur during global manufacturing slowdowns and auto production strikes.
Historical Recovery Timelines
Platinum has remained underwater for more than 16 years following its 2008 high, representing a structural commodity re-pricing as automotive demand shifted toward cheaper palladium and battery electric vehicles.