Palladium Price Approaches a Critical Turning Point
Palladium's price, after extreme volatility, is at a critical juncture near $1,900-$2,000, signaling a potential structural shift.Summary
Palladium has experienced extreme price volatility since 2020, surging past $3,400 during a supply panic fueled by geopolitical tensions and tight supply, before collapsing toward $1,000 due to fears over electric vehicle (EV) adoption and substitution by platinum.
The metal's price action has now shifted from a narrative of structural shortage to one of potential obsolescence, but technical indicators suggest the worst of the decline is over, with higher lows forming and momentum resetting.
The key technical level to watch is the $1,900-$2,000 resistance zone; a sustained break above this area would signal a structural shift in the long-term outlook, moving the metal from recovery mode into a potential revival, driven by industrial demand factors like auto production and hybrid vehicle strength.
(Source：BeInCrypto)