Platinum is the rarest precious metal of the four members of the precious metals sector that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange. Platinum also has the highest density and melting point compared to the other three metals, which means the metal has a myriad of industrial applications. Platinum also has a history as a financial asset. For many years, platinum's nickname was "rich man's gold."
The price action in the platinum market has not been impressive by any means. While the other three precious metals are all trading at