ZPLA.SW is trading at CHF 447.45, up 3.35%, as platinum prices continue benefiting from expectations of a fourth consecutive annual supply deficit.
- The World Platinum Investment Council forecasts a 297,000-ounce 2026 shortfall, with inventories covering less than three months of demand.
- The broader geopolitical and macro backdrop may also support precious-metals positioning, but tightening physical-market conditions are the clearest catalyst rather than broad equity-market strength.