iPath Series B Bloomberg Platinum Subindex Total Return ETN Price & Performance (PGM)

The iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM) has underperformed category averages, with a one-year return of -1.29% compared to the peer average of 24.86%. Recent data also shows high volatility, with a five-day rate of 65.1%, underscoring ongoing market uncertainty.12

While gold ETFs attract strong inflows amid economic and geopolitical turbulence, platinum-focused funds like PGM have struggled to match their momentum. Gold’s safe-haven appeal has overshadowed platinum, even as some analysts predict a swing to supply deficits in the platinum market later this year.34

Barclays has halted further sales of its iPath Series B Bloomberg Platinum Subindex Total Return ETN, citing internal decisions. This move comes as the platinum market faces tightening supply and uncertain demand, potentially impacting investor access to platinum-linked instruments in the short term.54