What Are Platinum Futures?
Platinum futures trade on the CME under the symbol PL. These contracts trade in sizes of 50 troy ounces each and are priced in U.S. dollars and cents per troy ounce. Trading terminates on the third last business day of the delivery month and settlement is physical and the platinum must be at least 99.95% pure. Trading is conducted over 15 months with the current month and the next two calendar months before moving to a quarterly cycle of January, April, July, and October.
Additional platinum resources include: