I tend to look at the charts.



It looks like Palladium is near a five year low after adjusting for currency inflation.

The question is why ?

1: Maybe Russia is liquidating it's reserves in order offset losses due to economic sanctions and the cost of the war in Ukraine. That would follow what alloy was saying. Increasing supply on the open market would lower prices.

2: Industrial demand for palladium to be used in catalytic converters may be off. The global powers that be are making a pretty hard push for the transition to EV's in order to slow climate change. We're in the early phases of that technology shift ... but they are coming regardless of what any of us think.

As ICE powered vehicles become obsolete ... so won't catalytic converters. There won't be nearly as much demand for palladium 10 - 20 years from now.

Anyhow ... significantly less demand would exert considerable downward pressure in the price per ounce.

Just a few thoughts and impressions. Can't honestly say that i know what i'm talking about.