The Jump Over the 2-Year High
The palladium futures market recorded a significant rise in the past trading week, achieving a 2-year high. This development is particularly relevant for commodity investors, as palladium is currently showing strong upward momentum.
Current Market Development
The price recently recovered from a key support level of about $1,075 per ounce, continuing the upward trend that has been in place since April 2025. Technical analyses suggest that the recent correction was an ABC correction, typically signaling a continuation of the upward trend. Price targets for short-term speculative long positions are around $1,150 and $1,200, with a recommended stop-loss at approximately $1,050. On July 11, the palladium price was above the short-term moving average (10-day MA), which is seen as a bullish signal. The current price is around $1,176 to just over $1,190 per ounce (as of mid-July 2025).
Historical Context
Palladium is known for its high volatility and reached its all-time high in May 2021, nearly $3,000 per ounce. Since October 2022, the trend has been more downward, but since early April of this year, there has been a clear upward trend with strong momentum.
Significance for Investors
This explosive price movement signals potential profit opportunities but also carries risks due to market volatility. The close relationship between palladium and platinum—especially through substitution effects in industry—also influences the price level of both metals in the long term. Therefore, it is advisable for commodity investors to closely monitor the technical development and, if necessary, bet on confirmed breakouts above key resistances or set up stop-loss measures.
In summary: The palladium-specific futures market is currently experiencing a strong price increase to a two-year high, supported by technical buy signals and fundamental factors such as supply bottlenecks or industrial demand—which makes it an attractive target for speculative investors.