Palladium Price Outlook
“Palladium was the weakest performing exchange traded precious metal during May and was also nearly the weakest performer among these metals on a year-to-date basis. This may reflect the fact that palladium has the least investor interest among the metals; its price is more reflected of fabrication demand trends than the other three precious metals.
During May, the average palladium price declined by 5.8% from April’s average price. This compares with a 2.5% and 1.6% decline in the average prices of gold and platinum during the same period, respectively. Meanwhile, silver’s price had risen during May by 3.3%.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
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