Palladium prices continue their upward trend, reaching $1,853 today, the highest level since December 29, 2025, and are currently trading near the $1,800 level. Palladium has gained approximately 8% since the beginning of the year, outperforming most other assets such as Bitcoin, global equity indices, and gold, while underperforming platinum, which has risen by around 13%. Expectations point to a continuation of palladium’s upward trend in the coming period.
Palladium is currently supported by several key factors, most notably expectations of U.S. interest rate cuts. Market pricing suggests two rate cuts this year by the Federal Reserve, which enhances the attractiveness of non-yielding assets such as precious metals. Palladium is also benefiting from strong industrial demand, particularly from the automotive sector, especially in regions where emission standards are becoming more stringent.
In addition, supply constraints are providing further support, as demand continues to exceed available supply, creating upward pressure on prices. Western sanctions imposed on Russia, the world’s largest producer of palladium, have also contributed to tightening global supply, reinforcing the upward pressure on prices.
From a technical perspective, indicators suggest that the bullish trend in palladium prices is likely to persist in the next phase. This is reflected in the alignment and upward slope of the 20-day, 50-day, and 200-day moving averages, with the 20-day average above the 50-day, and the 50-day above the 200-day, indicating a positive technical structure. The Relative Strength Index (RSI) currently stands at 56, signaling strong momentum, alongside a bullish MACD crossover where the main line has moved above the signal line, further supporting expectations of continued positive momentum in palladium prices.
The next key price target lies at $1,983, the level recorded on December 29, 2025.
Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.
