Why are Palladium (LBMA) Prices so high?
06-02-2026 - Over the past month, the price of Palladium (LBMA) has fallen from $1,773.0/oz to $1,680.0/oz, indicating a downward trend in the raw material market. This decline may suggest changes in demand or supply dynamics. However, the forecast predicts a rise to $1,732.0/oz, a 3.1% increase from the current price, suggesting a potential upward trend. This forecast, however, comes with the risk of market volatility affecting raw material prices.
The forecast presents mixed signals: while technical data indicates a $21.1/oz increase, driven by a $22.4/oz rise in the Futures Curve and a $26.6/oz decrease in Traders' Positions, demand exerts upward pressure. Conversely, Flows and Supply suggest downward pressure, highlighting uncertainty in raw material pricing.
The forecast aligns with Bank of America Securities' recent adjustment of their 2026 palladium price forecast to $1,725/oz, up from $1,525/oz. This revision is attributed to sustained demand for platinum group metals and ongoing trade-related disruptions affecting supply chains. This external analysis supports the forecast of rising palladium prices, despite the current market volatility and mixed signals.
The forecast presents mixed signals: while technical data indicates a $21.1/oz increase, driven by a $22.4/oz rise in the Futures Curve and a $26.6/oz decrease in Traders' Positions, demand exerts upward pressure. Conversely, Flows and Supply suggest downward pressure, highlighting uncertainty in raw material pricing.
The forecast aligns with Bank of America Securities' recent adjustment of their 2026 palladium price forecast to $1,725/oz, up from $1,525/oz. This revision is attributed to sustained demand for platinum group metals and ongoing trade-related disruptions affecting supply chains. This external analysis supports the forecast of rising palladium prices, despite the current market volatility and mixed signals.
What is the current / spot price of Palladium (LBMA)?
Palladium (LBMA) Price Today
February 6, 2026
Current Price
1680
$/t
What is the forecast for the price of Palladium (LBMA)?
Palladium (LBMA) Price Forecast
February 9, 2026
1 Month Forecast
1732
$/t
1 Year Forecast
1492.9
$/t
What are the short-term drivers of Palladium (LBMA) prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Long term price trends - The shape of the futures curve - Seasonality trends for the prediction month of year Br(None) The top contrary drivers for the 1 Month horizon are: - The net positions of speculators on NYMEX - Short term price trends
What are the long-term drivers of Palladium (LBMA) prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Palladium Stocks (CMX) - Seasonality trends for the prediction month of year - Long term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - The shape of the futures curve
Will the price of Palladium (LBMA) go up?
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1 Week
1 Month
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6 Month
1 Year
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