“Palladium prices have seen the tamest gains among the precious metals. As with the other metals in the group, palladium prices rose during the first half of October and declined during the second half. Prices have been consolidating, with support for prices around the $1,400 level. All the precious metals are expected to move in a sideways volatile fashion over the next few months. Palladium is the most volatile of the exchange traded precious metals. This could mean that prices could see some large swings in the coming weeks. On the downside, palladium prices could slip as low as $1,275, meanwhile, on the upside a run to $1,750 cannot be ruled out.
Like platinum, palladium is supported by supply concerns, while the fabrication demand side of the equation is not particularly strong.”
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