Palladium ingots

Palladium Price Outlook

Palladium 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)

2015  2016  2017  2018  2019  
Palladium 690.55  614.03  869.99  1030.5  1538.2  

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

Download

Palladium Historical Price Chart


Palladium historical price chart
Note: Palladium prices in USD per troy ounce (toz). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form