Palladium (LBMA) Prices

30-01-2026 - Over the past month, the price of Palladium (LBMA) has experienced a significant surge, rising from $1,660/oz to $2,106/oz. This sharp increase underscores a strong upward trend in the raw material market, likely driven by heightened demand or potential supply constraints affecting price dynamics. However, the forecast for Palladium (LBMA) suggests a decrease to $2,031.70/oz, down from the current $2,106.00/oz, indicating a potential decline of $74.30/oz or -3.5%. This points to a general downtrend in the raw material's price, with the risk of further decreases.

The current forecast indicates significant downward pressure on raw material prices, primarily influenced by technical data with a -$45.10/oz impact. While 'Flows' suggest upward pressure, 'Demand', 'Supply', and 'Technical' data indicate a decline, highlighting a lack of consensus among these data types. Despite this, external analyses offer a contrasting perspective. For example, Bank of America Securities has raised its 2026 palladium price forecast to $1,725/oz, up from a previous estimate of $1,525/oz, citing strong demand and supply constraints. This suggests an expectation of price increases, which contrasts with the forecast's downward prediction.