Palladium Price OutlookPalladium prices increased over the past month, rising from their over one-year low in early October, likely due to some investors closing out their short positions following the recent plunge in prices. On 5 November, palladium prices closed the day at USD 2,028 per troy ounce, which was 6.8% higher than on the same day of the previous month. However, the price was down 13.4% on a year-to-date basis and was 15.6% lower than on the same day last year. The rise in palladium prices in recent weeks was predominately due to some profit-taking through short-covering, as prices seemingly found support at around USD 1,870, after months of decline. Despite this small relief, prices remained subdued as the semiconductor shortage continues to hamper the auto sector, and in turn demand for palladium. Consequently, the IHS Markit global sector PMI continued to point to declining output from the automotive industry in October relative to September.
Palladium Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Palladium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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