Palladium Prices

09-12-2025 - Over the past month, the price of Palladium on the NYMEX has risen from $1,388.1 per ounce to $1,483.6 per ounce. This increase indicates a possible rise in demand or a decrease in supply, reflecting the current market dynamics and economic factors affecting its valuation. The forecast predicts a slight increase to $1,509.4 per ounce, a 1.7% rise from the current price of $1,483.6 per ounce. This suggests a generally stable trend with minimal risk, given the modest price change of $25.8 per ounce.

The forecast also highlights upward price pressure on palladium due to demand, particularly from the global economy, with an impact of $31.3 per ounce. However, this is balanced by downward pressures from supply flows and technical data, resulting in mixed market signals. Analysts have adjusted their 2026 price forecasts for palladium upwards, citing factors such as limited mine supply and tariff uncertainties. The median forecast for 2026 is now $1,262.50 per ounce, up from $1,100 in previous estimates. This revision aligns with the forecast of $1,509.4 for the upcoming month, suggesting continued upward momentum in the near term.