ZPLA.SW is trading at CHF 439.85 (-3.05%) amid profit-taking after WPIC revised its 2026 platinum forecast from a deficit to a 265,000-ounce surplus, citing weaker investment demand and reduced Chinese jewelry demand.
- The decline appears ETF-specific and corrective.
- Platinum itself rallied on September 9 amid geopolitical safe-haven demand.
- Historically tight inventories are limiting the bearish impact.