Eseandre Mordi
⬤ Palladium is getting hammered right now. The precious metal just posted one of its biggest drops in 45 years, showing how fast things can turn in commodities trading. What makes this especially notable is that palladium was actually doing pretty well just a few weeks ago during December's rally.
⬤ Looking at the daily chart, you can see how aggressively palladium climbed through December before everything reversed course. Those big red candles tell the story—the metal pulled back hard from its recent highs, and the speed of this decline is catching people's attention across the trading world.
⬤ The selloff has wiped out a good chunk of December's gains in just a short time. Traders are now watching closely to see if palladium finds a floor here or if more volatility is on the way after such a historic drop.
⬤ When a metal posts its second-worst performance in 45 years, people notice. This kind of move doesn't happen often in palladium, and it's likely to ripple through the broader commodities market as traders reassess their positions in response to this sudden weakness.
Eseandre Mordi
