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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).
PALL has jumped by nearly 7% since our last publication, corroborating our view according to which the recent sell-off was likely to prove transient considering the tight fundamental dynamics of the palladium market.
We expect the rebound in PALL to continue further into year-end, especially considering the significant level of dry powder among hedge funds to deploy on the long side in the palladium's futures markets.
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