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Palladium vs US Dollar
1049.84
06 Nov 2024 13:22
Price Change (% chg)
0
(0%)
Prev Close
Prev Close

Closing price, the previous day.
1069.17
Open
Open

Opening price.
1070.66
Day's High
Day's High

The highest price over the last trading day.
1075.52
Day's Low
Day's Low

The lowest price over the last trading day
1033.67
Week High
Week High

Price range high in the last week
1243.38
Week Low
Week Low

Price range low in the last week
1033.67
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Buy
1049.84
Sell
1049.84
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Buy
1049.84
Sell
1049.84
Download archive
Open the chart in full screen view

Palladium

Palladium is a white precious metal resistant to corrosion and included in the platinum metals group. It is one of the rarest metals on our planet. Palladium is also one of the noble metals.

Russia accounts for almost half of global palladium production, whereas the second part of the world's palladium is dug up by Southern African miners. The price of this precious metal is highly volatile because the palladium market directly depends on production in both countries.

On this webpage, you can find the current palladium price from the London exchange.

History of discovery

A new noble metal was discovered in the summer of 1802 by William Hyde Wollaston. Palladium is named after the asteroid Pallas that was discovered two months earlier. Then, palladium chloride was prescribed as a treatment for tuberculosis.

How to trade palladium

There are several ways to invest in palladium:

  1. To buy the metal. The price of a bullion will include a broker’s commission that will make it higher.
  2. To trade futures or options. Before opening positions on these trading instruments, traders should learn how to work with them.
  3. To invest in stocks, mutual investment funds, and exchange traded funds (ETF).

Changes in palladium price in last 10 years

Production of palladium is a bit limited and this, in turn, affects its price. During the last 10 years, the metal’s price has been rising. In February 2020, palladium hit its peak, exceeding $2,500. Later, the metal began losing in value amid the coronavirus pandemic. By now, it has recovered as supply slumped in both Russia and South Africa.

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