Why are Palladium Prices so high?
23-10-2025 - Palladium (NYMEX) prices surged 20.6% over the past month, from $1193.7 to $1439.7 per oz. The month saw a high of $1655.0 on 16th Oct and a low matching the starting price on 22nd Sept.
Our one month forecast for Palladium (NYMEX) is 1427.7 $/oz, a decrease of 12.0 $/oz or -0.8% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast shows that Technical data has the most significant impact, reducing the price forecast by -$15.10 per ounce. Within the Technical data type, the Futures Curve family contributes positively with $19.20 per ounce, while Price Signals have a negative impact of -$11.80 per ounce. Overall, all types of data, including Demand, Flows, Supply, and Technical, indicate a downward price trend, aligning on the expectation of lower prices.
Our one month forecast for Palladium (NYMEX) is 1427.7 $/oz, a decrease of 12.0 $/oz or -0.8% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast shows that Technical data has the most significant impact, reducing the price forecast by -$15.10 per ounce. Within the Technical data type, the Futures Curve family contributes positively with $19.20 per ounce, while Price Signals have a negative impact of -$11.80 per ounce. Overall, all types of data, including Demand, Flows, Supply, and Technical, indicate a downward price trend, aligning on the expectation of lower prices.
What is the current / spot price of Palladium?
Palladium Price Today
October 23, 2025
Current Price
2126.3
$/t
What is the forecast for the price of Palladium?
Palladium Price Forecast
October 23, 2025
1 Month Forecast
1427.7
$/t
1 Year Forecast
1324.3
$/t
What are the short-term drivers of Palladium prices?
What are the long-term drivers of Palladium prices?
Over the 1 Month horizon the outlook is moderately bearish due to drivers such as: - Short term price trends - Palladium Stocks (CMX) - EWMA-based technical analysis - Seasonality trends for the prediction month of year Br(None) The top contrary drivers for the 1 Month horizon are: - The shape of the futures curve
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Short term price trends - Movements in the Euro Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - Movements in the UK Pound - Eurozone Equities
Will the price of Palladium go up?
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1 Week
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