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Really The King appears aloof and The Queen cold? How so? Why is their throne consider precarious? Anything can change in the future?
You might want to check the topic on the future of the monarchy of Spain. All the recent scandals in the Spanish royal family don't suggest a stable monarchy. And Letizia has never been popular with the Spaniards (nor with her in-laws and Felipe's friends apparently). They might be doing the right thing but give the impression as if they are 'above' their people. The main exception is when tragedy hits, in those times they visit those impacted most and show compassion.
On a worldwide scale the Spanish monarchy still attracts some interest in Latin America but that needs to be condolidated in the next decade as Juan Carlos is less and less able to travel and the official familia real has been reduced to only 4 adult members.