Thesis
Welcome to Orchid's Palladium Weekly report, in which, we discuss palladium prices through the lenses of the Aberdeen Standard Physical Palladium Shares ETF (PALL).
Source: Trading View, Orchid Research
PALL made an all-time high of $168.69 per share on October 16, having rallied by a little bit more than 4% since the start of the month.
The bullish market action of PALL comes in line with our expectations, as we believe that the inherently tight nature of the palladium market should continue to drive palladium prices and thus PALL higher.
Although the