Palladium Bullion Price Charts
In the previous years, palladium has seen some incredible performance and set record highs. With demand remaining consistent from the automotive and medical industry, investors may continue adding palladium to their portfolios for the days to come.
Palladium Bullion Bars
Above, Monex charts our Palladium Spot Prices per ounce, which represent the midpoint between Monex bid and ask prices per ounce, for pure .9995 fine Palladium Bullion. Note that the 3-Month Live chart incorporates the latest Palladium Bullion price for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close and 10-Year Close charts incorporate the final closing Palladium Bullion price for the previous trading day. These charts are helpful and a good place to begin your research.
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Monex offers our customers and prospective customers a wide selection of additional exclusive and customized charts (as well as other tools) not available to the general public. Located on restricted-access pages on the Monex website, these additional charts and tools are available via special links which will be sent to qualified recipients in special emails sent from Monex. Simply call a Monex Account Representative at the phone number listed at the top of this page to request access to these additional charts and tools.
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What value are Charts for Palladium?
Over time, palladium prices are recorded, compared and charted against time to suggest trends and overextended price moves. Besides the most current price of palladium, comparison to the previous day's final price and the 200-day moving average of final spot closing prices are frequently monitored. Palladium's relative value is weighed against current economic events.
What is the Price of Palladium?
There are several different forms of palladium because of its wide range of uses, which include palladium bars, commercial plates, small ingots, palladium coins, wire, shot and powder. The relative price of each can vary. The universally quoted prices for palladium assume the large commercially standard .9995 fine pure palladium 100 troy ounce plate. The NYMEX commodity exchange reports futures contract transaction prices to the public on a 5-15 minute delayed basis. Current palladium prices would be price levels where traders are most actively making a buy or sell market. The best value for a single Current Price of Palladium is the nominal price between those prices on an active high volume marketplace for immediate delivery, which is most commonly referred to as the spot price of palladium.
What Palladium Price Charts does Monex produce?
The five palladium price charts above are for Monex Spot Palladium, which represent the midpoint between Monex bid and ask prices per ounce, for pure palladium bullion. The 3-Month Live chart incorporates the latest Palladium Bullion price for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close and 10-Year Close charts use just the final Spot Palladium price for the previous trading day. These charts are the widely accessible chart information available to all Monex customers and prospective customers, as well as to websites, competitors, researchers and government officials alike.
In addition, Monex is pleased to offer our customers and prospective customers a wide selection of other tools, including exclusive and customized charts not available to the general public. Located on special restricted-access pages, these additional charts and tools are available via special links which can be sent to qualified recipients in special emails sent from Monex. For access to these additional charts and tools, please call a Monex Account Representative.
What factors influence the Price of Palladium?
Palladium is a highly desirable commodity. All sorts of buyers and sellers across the world are the makeup of supply and demand forces influencing palladium prices. The availability of palladium supplies from mines, scrap recovery, stockpile disposals and investor liquidations versus demand from industrial uses, jewelry fabrication and investor acquisitions are the driving force behind palladium prices. The two key factors influencing the price of palladium are (a) from investor hoarding, and (b) from increased consumption of catalyst converters in cars, especially in Asia.
Where is Palladium mined in the World?
For the most part, palladium is not mined as a primary metal, but as a byproduct of nickel, copper and platinum mining. The lion’s share of the mining supply comes from just three mining companies which make up about three-quarters of mining supply. Russia's Norilsk Nickel is the world's largest producer of palladium, producing over 40%. Next are Anglo American Platinum and Impala Platinum, which source most of their palladium from South Africa, and then Zimbabwe. Stillwater Mining Company, which is about the fifth largest producer, is one the few primary palladium producers in the world. Its main operations are located in Montana, USA.
How Rare is Palladium?
Palladium is truly a rare and precious metal, but it exists more abundantly in the earth than does gold and platinum. Palladium is far rarer than silver, and its price and relative scarcity above ground certainly supports that. However, when considering above-ground stockpiles, the CME NYMEX/COMEX futures exchange reports that palladium held at its approved depositories is less than a quarter of platinum ounces in storage.
What is Palladium used for?
Palladium is used for (1) motor vehicle autocatalyst for reducing exhaust pollutants, (2) a catalyst for industrial uses, (3) jewelry fabrication, (4) in electronics and (5) as a the fourth and growing monetary precious metal for investing.
What is the difference between Platinum and Palladium?
There are many similarities with palladium and platinum, both being foremost in the PGM group of industrial metals. However, platinum is much more dense than palladium, and in fact is even heavier than gold by volume. Also, palladium does not garner the level of recognition as an investment metal as does platinum, and therefore, has less liquidity in the marketplace for large volume liquidations and acquisitions. Palladium's primary source is generally as a byproduct of mining other metals, most notably in Russia, while about 80% of platinum comes from South African mines.
Is Palladium or Platinum worth more?
Historically, average palladium prices have been but a fraction of platinum. For example, when platinum prices reached its high of over $2,200 in 2008, palladium did not then exceed $600. However, due mainly to that relative price efficiency of palladium and its advancements as a good substitute, palladium is gaining ground, approaching more closely the value of platinum.
What is Palladium worth?
The annual average of palladium prices was $614 per ounce in 2016. Palladium hit a recent high of over $900 on the first of September 2014 and since then touched below $500 in Q1 2016. Palladium is projected to be worth more on average in 2017 than 2016 by about 15%, which suggests palladium should be worth over the $700 level for most of the year. Then again, many known and unknown factors can affect the price that it is traded for. Current prices and moving averages may be found above on the Monex price charts.
What is the best Chart to compare Palladium Prices?
One way to compare palladium prices is examining how it relates to gold prices. That is, how many ounces of palladium will one ounce of gold get you? With the recent strength in the palladium markets, that ratio has reached just one and a half ounces. Generally, however, it has ranged around two ounces of palladium per ounce of gold, and in volatile times, such as after the financial crisis, nearly five-to-one. For current ratio and historical charts, get the Monex Bullion Investor smartphone app available for both Apple and Android smartphones.
What is the Spot Price of Palladium?
The term “spot” represented present settlement and delivery terms, rather than as a forward term contract and associated price. Common practice of the metals industry is to publish a benchmark market value, which most universally is a particular day's final settlement price per ounce of the New York commodity futures exchange (NYMEX) “spot” month. At other times of the day, metals dealers assess world markets to infer what they believe to be a benchmark spot palladium price. Monex publishes a Spot Palladium Price along with quoted ask and bid prices of its palladium products, which have been an industry-respected price reference. If a dealer has two different spot prices, that suggests buying or selling spot bullion at ask and bid prices, and is not a precious metals industry commonly-used benchmark value for price comparison purposes. The Monex Live Spot Palladium Price for its 11-hour trading day can be found here at our Live Prices page and by using the Monex Bullion Investor smartphone app available for both Apple and Android smartphones.
How often do Spot Palladium Prices change?
Monex monitors marketplace activities and adjusts its Ask, Bid and Spot palladium prices frequently. In active market conditions when palladium can become extremely volatile, prices can change almost continuously for extended periods.
Can I buy Palladium from Monex at the Spot Palladium Price?
The palladium spot price is merely a reference point. Therefore, there are two palladium prices, ask and bid, where a market can be made. Monex uses the common industry practice of referencing a nominal (not a quoted offer) spot price. For authentic investment grade palladium in quantity at very attractive prices, please refer to the Monex Altas Preferred bullion prices.
Are Palladium Prices volatile?
Palladium bullion prices can be quite volatile at times. Like other precious metals, palladium is a commodity that trades freely and with great liquidity, but its prices can be more volatile than gold prices and platinum prices. However, its price volatility in general is relatively no greater than silver prices.
Is Palladium better than Gold?
Palladium has been viewed more as a precious commodity needed for industrial uses than as a monetary investment commodity, which is gold's claim to fame. It could be argued that palladium is better as an industrial element, but that would discount the unique and important qualities of gold. There was just one brief moment in 2001 when the value of palladium prices exceeded that of gold prices.
What Currency are Palladium Prices quoted in?
Palladium is traded around the world every day and in most locations is generally priced in the local currency. At Monex, our Palladium products are quoted in U.S. Dollars only. The current reference Monex Spot Price of palladium may be found on the Monex Live Prices page. Current spot palladium prices may also be obtained by calling a Monex Account Representative at the phone number listed at the top of this page.
How is the Spot Palladium Price calculated?
Most universally, Spot Palladium is a nominal value for industrial quality .9995 bullion plate, which is relative to the day's settlement price per ounce of the current month contract on the New York NYMEX futures exchange. A Spot Palladium Price is calculated based on a virtual non-stop price discovery process using comparable palladium vehicles and the marketplace's relational valuation. For example, if the price per ounce of the current “Spot” month is valued at five dollars less than the NYMEX December futures contract price, then at a time when the December contract trades at $705, it suggests that the spot palladium price was $700 at that moment. Prices of palladium bullion and palladium contracts are continually bid up and down by overall buyer demand and seller supply to where buyers and sellers are willing to engage in transactions. The Monex Spot Palladium Price is published here on the Monex Live Prices page and is updated throughout a 11-hour trading day. Monex shows one spot palladium price at any point in time, and it is the midpoint between its ask and bid prices for bullion.
Are Spot Palladium Prices the same all over the World?
Of the four precious metals, palladium is the tightest, least heavily traded marketplace. As such, it is certainly likely to have palladium being traded near but not necessary the same relative price across the globe at any one moment. It is not practical for the investing public to attempt to arbitrage any potential differences.
How much does Monex charge above the Spot Palladium Price?
Monex does not sell palladium at spot. Monex makes a palladium market for buying and selling, which is quoted as Ask and Bid prices. Ask prices for palladium products reflect competitive marketplace conditions for a particular type of palladium investment item. There are, however, charges that accompany transactions, which may include buy/sell charges, shipping or storage charges depending on whether the customer chooses home or depository delivery. Also, a customer may choose to use financing, where there would be interest charges. Monex quotes extremely competitive Atlas Preferred Prices for palladium bullion depository delivery. Monex publishes its buy/sell commission charges, which depend on the size of a transaction. For greater transparency, the Monex marketplace is quoted live online or through the powerful Monex Bullion Investor smartphone app available for both Apple and Android smartphones.
Does the Spot Palladium Price include Dealer Markup or Shipping Costs?
A spot price can't actually include anything at all. Spot is a reference price. In fact, a genuine spot price is truly not a quote at all, because it is not a price where dealers offer to buy or sell, which are their ask and bid prices. It is important to remember that dealers do not buy palladium products at spot.
Why aren’t your final Palladium Prices listed on your Website?
At Monex, with over 50 years of experience and hundreds of thousands of customers executing over $60 billion in physical precious metals transactions, you cannot have a “one-size-fits-all” attitude. To meet the requirements of each individual palladium investor on a specialized basis, you cannot average palladium offerings to try to fit all. Monex endeavors to fulfill the requirements of each customer on an efficient basis for the benefit of the customer and the customer's overall market pricing advantage.
Why is the Monex Spot Palladium Price different than those of other Companies?
Monex, as America's oldest dealer specializing in a reliable two-way precious metals market and its billion-dollar volume of business, enables it to offer an extremely competitive and reliable two-way buy/sell marketplace for precious metals investment transactions. Please see the Monex Atlas Preferred Prices for pricing relating to the longstanding depository delivery services it offers. Monex believes it is best to offer transparent market pricing as quoted in its Ask and Bid prices, and referencing its midpoint as a spot nominal price, which may be less than what other companies use as spot prices. Over the years, Monex spot prices have tracked the COMEX and NYMEX spot prices for precious metals almost perfectly. In fact, the correlation of those prices is available for review in our company brochures and on our website.
Why have Palladium Prices been stronger than the other Precious Metals?
Palladium prices are influenced by trading of the precious metals complex as a whole. The big-3 more popular precious metals are down significantly from their high prices. However, palladium's very positive fundamentals have proved to favor it over platinum and it has performed quite positively relative to the other metals. This is most clear when considering how many ounces of palladium can be acquired with the value of one ounce of gold, which is now less than two ounces. In fact, palladium is currently approaching the per-ounce spot price of platinum.