Palladium prices have come under renewed pressure and have been dragged down to new cycle lows, with several analysts now closely monitoring to see whether the precious metal will find its footing. Hedgeye, in a chart posted, noted the precious metal had shed 8.3% in the past month and remained “uninspiring in PALL terms.” Meanwhile,…
The palladium price moved back into a major support area as traders watched whether the latest decline would turn into a deeper breakdown or a failed move below range lows. The charts shared by analysts showed price trading near the $1,350 region after losing momentum from earlier highs. The technical weakness came as China’s palladium…
Both palladium and platinum are off their highs; however, the recent charts indicate an evident divergence: palladium remains fighting to recover the lost positions, whereas platinum begins to re-establish a more solid short-term recovery above $2000. The one-year charts indicate that there would be a common cycle of steep rallies until late 2025 and early…
Platinum group metals are getting a fresh demand lift as the shift to battery electric vehicles slows and hybrid production grows faster than expected. That change matters for platinum and palladium since automakers remain their biggest end market through catalytic converter demand. New projections indicate a lower electrification trajectory in large vehicle markets. The amount…
The traders of precious metals are still interested in platinum and palladium, as both resources are above critical support levels. Although some pullbacks have occurred, the general form is still there, and modern consolidation is being considered one of the possible patterns of continuation. Platinum Gains More Than $2,100 Following Parabolic Growth Trading Economics shows…
Amidst an economic crisis, precious metals like gold and silver often act as a safe haven for capital, while other assets fall in value.However, growing concerns over the coronavirus and a possible recession in the near future have created such hysteria and panic, that not even silver, gold, platinum, palladium and other precious metals are…