Why are Palladium Prices so high?
29-01-2026 - Over the past month, the price of Palladium on the NYMEX has experienced a notable increase, climbing from $1,648.3 per ounce to $2,025.4 per ounce. This surge is indicative of strong demand for the metal, likely influenced by market dynamics and supply limitations. The forecast for Palladium suggests a slight rise to $2,046.7 per ounce, a modest 1.1% increase from the current price, indicating a relatively stable trend with minimal risk, as the price change is only $21.3 per ounce.
The current forecast presents mixed signals. Technical data, showing a significant impact of -$28.5 per ounce, points to potential downward pressure, largely due to Traders' Positions. Conversely, data on Demand and Flows suggests upward pressure. As a result, the overall outlook for the raw material market remains uncertain.
An analysis by Just2Trade predicts that by January 2026, palladium prices will range between $1,857 and $2,268 per ounce, with an anticipated monthly increase of 6.2%. This projection is consistent with the forecast of $2,046.7 for the upcoming month, reinforcing the expected upward trend in palladium prices.
The current forecast presents mixed signals. Technical data, showing a significant impact of -$28.5 per ounce, points to potential downward pressure, largely due to Traders' Positions. Conversely, data on Demand and Flows suggests upward pressure. As a result, the overall outlook for the raw material market remains uncertain.
An analysis by Just2Trade predicts that by January 2026, palladium prices will range between $1,857 and $2,268 per ounce, with an anticipated monthly increase of 6.2%. This projection is consistent with the forecast of $2,046.7 for the upcoming month, reinforcing the expected upward trend in palladium prices.
What is the current / spot price of Palladium?
Palladium Price Today
January 30, 2026
Current Price
2025.4
$/t
What is the forecast for the price of Palladium?
Palladium Price Forecast
January 30, 2026
1 Month Forecast
2046.7
$/t
1 Year Forecast
1788.1
$/t
What are the short-term drivers of Palladium prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - The shape of the futures curve - Long term price trends Br(None) The top contrary drivers for the 1 Month horizon are: - Short term price trends - The net positions of speculators on NYMEX - Palladium Stocks (CMX)
What are the long-term drivers of Palladium prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Palladium Stocks (CMX) - Short term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - Movements in the Chinese Yuan - Eurozone Equities
Will the price of Palladium go up?
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