Charts & Prices
Palladium Price Chart
Palladium Price Chart
How to Use a Palladium Price Chart
Use U.S. Money Reserve's palladium price chart to compare the price of palladium over a specific period. The amount of time is up to you. You can review palladium prices from 1980 to 2008, or over the last 5 days, 1 month, 1 year, 5 years, or 10 years.
A palladium price chart can help you identify palladium price trends and figure out when is the right time to buy palladium for you. As market analysts are prone to say, “A trend is your friend!” But how do you identify a trend?
Start by looking for peaks and valleys in palladium prices during the selected period. Do you see a pattern? You might notice a spike in palladium prices in late November every four years (around the U.S. presidential election), or a dip when stock prices skyrocket. Identifying historical market trends doesn't necessarily mean palladium prices will perform the exact same way in the future, but trends and patterns could give you insight into what might happen and when you should act.
Understanding the Spot Price of Palladium
To use this palladium price chart, and many others, it's important to understand palladium spot prices. Note that the chart doesn't track the price of palladium coins or bars. Instead, it reports the spot price of palladium, which is the market price at which palladium is bought or sold for immediate payment and delivery. It's the price you'd pay “on-the-spot.”
The spot price refers to the price for one troy ounce of palladium and is typically quoted in U.S. dollars. A troy ounce is a standard unit of measurement for precious metals. One troy ounce is exactly 31.1034768 grams (1.097142857143 oz.), but you’ll often see palladium prices listed as $/oz. without mentioning “troy.”
The spot price of palladium does not account for any other costs associated with the design, manufacture, or sale of a palladium coin or bar, including costs like shipping or insurance. Spot prices also do not take into account the demand for certain palladium products and their numismatic value.
What Drives the Price of Palladium?
The price of palladium changes daily, as do the influencing price factors. Like most other assets, palladium prices can shift for many different financial reasons. If you’re not tracking palladium prices, changes in interest rates, inflation predictions, and stock market movements could all potentially catch you off guard.
A primary price driver is palladium supply and demand, and accordingly, global income growth.
As global incomes increase, so can demand for palladium jewelry and technology that includes palladium, like smartphones, tablets, and computers. Income growth also encourages savings, which helps boost the demand for palladium bullion coins and palladium bars.
When demand is high and supply is limited, the purchase price of palladium coins and bars tend to increase. It's basic supply and demand.
The strength of the U.S. dollar can also influence palladium prices. The two generally have an inverse relationship. A strong dollar can sometimes discourage palladium buyers, as palladium becomes more expensive to purchase. When the dollar is weak, palladium is cheaper to purchase in other currencies.
Changes in the number of palladium buyers can also impact palladium prices. Transparency, efficiency, and policy changes are broadening access to palladium buyers everywhere. Fewer barriers to buying palladium can mean increased demand, and accordingly, increased palladium prices.
Learn More About the Palladium Price Today
There may never be a better time to start diversifying your assets with physical palladium. Increases in global income, more serious geopolitical tensions, and fewer barriers to buying palladium could all impact the palladium price chart you see here.
Whether you're looking to understand palladium prices better before you buy palladium, or you want to keep tabs on your current precious metals portfolio, our experienced Account Executives can help. Call 1-866-646-8465 to learn more about palladium prices today and the palladium products that may best fit your financial goals.
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