Seasonality · Platinum · 12 November 2026
Platinum seasonality: is November bullish for platinum?
Over the last 14 years (2012 to 2025), platinum rose in November 5 times, with an average move of −1.16% and a median of −2.92%. December, the month ahead, has risen in 9 of 15 years, +3.02% on average (median +0.43%).
Its best month on average is January (+3.42%, up in 10 of 15) and its worst is March (−2.48%, up in 5 of 15).
The seasonal pattern: average return by month
Monthly seasonal returns, all 12 months
| Month | Average | Median | Up years | Best | Worst | Sample |
|---|---|---|---|---|---|---|
| January | +3.42% | +3.01% | 10 of 15 | +14.63% (2025) | −7.59% (2024) | 2012–2026 |
| February | +0.56% | +1.75% | 8 of 15 | +11.87% (2026) | −10.14% (2025) | 2012–2026 |
| March | −2.48% | −2.41% | 5 of 15 | +9.55% (2025) | −16.99% (2026) | 2012–2026 |
| April | +1.13% | +0.50% | 8 of 15 | +11.38% (2020) | −5.66% (2025) | 2012–2026 |
| May | −1.01% | −0.46% | 7 of 15 | +9.89% (2024) | −10.93% (2019) | 2012–2026 |
| June | −1.90% | −2.68% | 5 of 15 | +27.31% (2025) | −19.21% (2026) | 2012–2026 |
| July | +1.41% | −0.61% | 7 of 15 | +12.33% (2016) | −8.75% (2015) | 2012–2026 |
| August | +0.90% | +2.07% | 9 of 15 | +8.50% (2012) | −8.44% (2016) | 2012–2026 |
| September | −1.26% | −4.20% | 5 of 15 | +17.16% (2025) | −10.04% (2015) | 2012–2026 |
| October | −0.22% | +0.86% | 9 of 15 | +8.80% (2015) | −16.46% (2026) | 2012–2026 |
| November (now) | −1.16% | −2.92% | 5 of 14 | +13.85% (2020) | −15.79% (2015) | 2012–2025 |
| December (next) | +3.02% | +0.43% | 9 of 15 | +19.68% (2025) | −9.99% (2011) | 2011–2025 |
Each month is the last 15 complete years of that month, from daily closes in US dollars, month-end to month-end. The month in progress is not counted. History, not a forecast.
Platinum in November, year by year
| November 2025 | +8.42% |
|---|---|
| November 2024 | −5.01% |
| November 2023 | −0.95% |
| November 2022 | +11.74% |
| November 2021 | −9.15% |
| November 2020 | +13.85% |
| November 2019 | −3.83% |
| November 2018 | −5.13% |
| November 2017 | +2.49% |
| November 2016 | −7.02% |
| November 2015 | −15.79% |
| November 2014 | −2.01% |
| November 2013 | −5.56% |
| November 2012 | +1.75% |
Questions
Is November bullish for platinum?
Over the last 14 years (2012 to 2025), platinum rose in November 5 times, with an average move of −1.16% and a median of −2.92%. That is a bearish lean; the range runs from −15.79% (2015) to +13.85% (2020). A seasonal tendency is history, not a forecast.
What is the best month for platinum?
Its best month on average is January (+3.42%, up in 10 of 15) and its worst is March (−2.48%, up in 5 of 15). Measured over the last 15 years of each month, from daily closes in US dollars, month-end to month-end.
What happens to platinum in December?
December, the month ahead, has risen in 9 of 15 years, +3.02% on average (median +0.43%).
How reliable is platinum seasonality?
Fifteen years is fifteen observations per month, so one large year can move an average a long way; the median and the count of up years are steadier. WatchTower Terminal rates the platinum seasonal pattern mixed across its 5, 10 and 15-year paths. Seasonality is one input among several, and is weighed as one in the terminal's composite score.
More on platinum: Platinum outlook · Platinum COT positioning
Other seasonality: US Dollar in Nov +0.16% · Gold in Nov −0.96% · Silver in Nov −0.27% · Palladium in Nov +0.80% · Copper in Nov +2.35% · WTI crude oil in Nov −3.55% · S&P 500 in Nov +3.56% · Nasdaq 100 in Nov +3.54% · Dow Jones in Nov +3.74% · all 39
In WatchTower Terminal, the Seasonality panel draws the Platinum path through the year over 5, 10 and 15 years against this year. Not financial advice.