Palladium Reaches 2-Year High
The palladium futures market experienced an explosive rise to a 2-year high in the past trading week, indicating significant market developments in the commodities sector. The price recovered from a key support level of around $1,075 per ounce, continuing the upward trend that has been in place since April 2025.
Market Dynamics and Technical Indicators
Technically, the price is currently above the short-term 10-day average, which is considered a bullish signal. In early July 2025, palladium was quoted at around $1,130 per ounce, reaching levels not seen in two years. This development reflects strong demand, possibly driven by industrial applications such as catalysts in cars and speculative market movements.
Historical Context and Future Outlook
Historically, palladium is known for its volatility: following an all-time high of nearly $3,000 per ounce in May 2021, the price fell considerably at times, even temporarily dropping below the price of gold. A downward trend was observed since October 2022, but now a clear recovery is evident, with potential for further price increases targeting around $1,150 to $1,200.
In summary:
- Explosive price increase to over $1,130/ounce in July 2025 (2-year high)
- Technical support at about $1,075 stabilizes the upward trend
- Positive technical indicators (price above GD10) confirm bullish sentiment
- Historical volatility with significant fluctuations over recent years
- Expected further price increases with take-profit targets around $1,150 and $1,200
These developments suggest that palladium is currently being perceived again as a valuable commodity – both from an industrial perspective and as a speculative investment.