XPD/USD to sink towards $1,092 on a dip below 2021 low of $1,542 – Credit Suisse

Palladium is under pressure. scale, only below the $1,542 low of 2021 would mark a major top, changing significantly the trend lower, economists at Credit Suisse report. Resistance at $2,095/2,120 set to cap “We see risk for a test of long-term support at $1,594/$1,542 – the 61.8% retracement of the entire 2016/2022 bull trend and … Read more

XPD/USD to surge towards $2,100 by year-end – Commerzbank

Palladium is currently trading well below $2,000. Strategists at Commerzbank expect the precious metal to soar towards $2,100 by end-2022. Recovery potential for palladium in the coming months “The slower demand for palladium from the automotive industry should prevent a larger supply shortage on the palladium market, provided there are no disruptions in palladium supplies … Read more