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This is your Palladium podcast.
Hey everyone, welcome to another episode of Daily Palladium Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on palladium – that shiny metal powering catalytic converters in cars and making waves in the markets.
Right now, the spot price for palladium is hovering around $1,572 per ounce, up a solid 116 bucks or about 8 percent from yesterday, according to Kitco's live charts. Other spots like Monex show it at $1,578, and FX Leaders at roughly $1,534 to $1,585 – a strong rebound with day's highs pushing toward $1,612. In CAD terms, it soared over 7 percent to around 2,200 mid-day, per Gold Stock Canada updates.
What's driving this surge? A fragile truce in the Strait of Hormuz after Trump's 14-day pause on hostilities with Iran, easing oil tanker fears and softening car industry worries, as noted in Golden State Mint's report. Palladium, still key for pollution controls in gas vehicles, got a gentle lift despite electric car shifts. Markets are eyeing FOMC minutes today for more clues, with tension lingering.
Looking ahead, Kept analysts forecast average 2026 prices climbing 31 to 60 percent from 2025's $1,140, potentially hitting $1,500 to $1,800 per ounce amid deficits and Middle East uncertainty.
Quick tip: If you're trading or investing, watch support levels around $1,532 to $1,542 and resistance up to $1,560 – RSI is overbought at 70, signaling possible pullbacks, says FX Leaders. Stay diversified and track live charts daily.
That's your palladium update – prices are pumping, but volatility rules. Thanks for tuning in, friends – subscribe, hit that bell, and catch you next time on Daily Palladium Price Tracker!
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