Introduction
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 moved a little up since our previous weekly publication, although the re-emergence of risk-off mood (caused by a renewed escalation of the US-China trade dispute after China's retaliation to US tariffs) has exerted some downward pressure on PALL.
While short-term physical tightness in the palladium market has eased recently, long-term tight fundamental dynamics prevail, judging by the current shape of the Nymex palladium's forward