Palladium: Price Increase and Market Development
The palladium futures experienced a significant increase in the past trading week, reaching a 2-year high. This price rise is mainly attributed to increased demand and market spikes, which is of great interest to investors in the commodity sector.
Current Price Development
Specifically, the palladium price was around $1,176 per ounce at the beginning of July 2025, showing an upward trend that has intensified since April. Technically, the price is above the short-term 10-day average, which is interpreted as a bullish signal. The support at around $1,075 has been successfully defended, allowing for the price recovery.
Market Factors and Demand
The demand for palladium is particularly driven by its use in exhaust catalysts for cars. Additionally, market mechanisms such as the substitution between palladium and platinum (platinum-palladium ratio) significantly impact the price levels of both metals. Although the price has been declining since October 2022, there is currently a strong upward movement.
Investment Opportunities for Speculators
For speculative investors, there are currently opportunities for profits with price targets of around $1,150 to $1,200 per ounce, while a stop-loss at approximately $1,050 is recommended.
In summary: The explosive rise in the palladium price to a two-year high reflects a combination of increased industrial demand and technical market dynamics, making the precious metal an attractive investment in the commodity sector right now.