Palladium opportunity alert

Author: VisionEconomics , Last Modified, 2021-01-19 02:36:35

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Palladium opportunity alert

Palladium is prone to outsize swings when sentiment changes, and a reversal in other precious metals such as platinum and gold could drag palladium down as well. After nearly a decade of under supply ,the world is now critically short of palladium and its sister metal rhodium. We have seen a stalling in the rally following the Covid 19 pandemic, partly because the use of cars has declined. Palladium is a key component in the cars catalytic converters, and so is vital for manufacturers. As with any market it is said to have over reacted and many market pundits expect a v-shaped curve recovery. This might mean there is a valid opportunity to enter the market now.