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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
The price for less than 50 ounces is only $0.50 per dwt. Remember that 1 regular ounce = 18.2291 dwt (pennyweight) or 1 troy ounce = 20 dwt (pennyweight). So today, when the spot price of silver is $43 per troy ounce, or $2.15 per dwt, this website is offering 28% of the value, instead of 85% or even 75%.emember that 1 regular ounce = 18.2291 dwt (pennyweight) or 1 troy ounce = 20 dwt (pennyweight). So today, when the spot price of silver is $43 per troy ounce, or $2.15 per dwt, this website is offering 28% of the value, instead of 85% or even 75%.