2024-04-02 12:53:11 ET
Summary
- Palladium futures reached a record high in March 2022 but have since experienced a significant decline.
- Russia's role as the leading palladium producer and the war in Ukraine has influenced the metal's price.
- There is potential for a substantial recovery in the palladium market due to technical factors, demand for catalytic converters, and green initiatives.
- PALL is the ETF that holds physical palladium bullion and tracks the metal's price.
Palladium, a chemical element with unique properties, is part of the platinum group of metals, which includes platinum, palladium, rhodium, osmium, ruthenium, and iridium. Notably, platinum (XPTUSD:CUR) and palladium (XPDUSD:CUR) are the only two platinum group metals that trade in futures markets, on the CME's NYMEX division, offering intriguing trading opportunities....
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PALL: Palladium Recovers, More Technical Upside Potential