GraniteShares Platinum Trust (PLTM Quick QuotePLTM - Free Report) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 58.6% 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 Focus

This ETF is designed to track the price of Platinum Bullion. The product charges 50 bps in annual fees.

Why the Move?

Platinum has surged more than 50% in 2025, driven by supply shortages and rising Chinese imports. A projected deficit, declining mine output, weak recycling, and falling inventories are tightening supply. Meanwhile, demand remains strong from autos, jewelry, and a jump in investment inflows.

More Gains Ahead?

The ETF PPLT might continue its strong performance in the near term, with a positive weighted alpha of 61.16, which gives cues of a further rally.