Marina Lyubimova
⬤ Palladium has made a powerful comeback in recent months, climbing from the $1,400 zone toward $2,100. The rally represents a dramatic shift after the metal spent most of 2023 and 2024 in a sustained downtrend. The monthly chart shows palladium breaking out of a multi-month base and pushing higher with consistent buying pressure.
⬤ Once the price cleared the lower range, momentum picked up fast. The metal reclaimed the $1,250 level—a key reference point during the previous selloff—and kept climbing. "The scale and speed of the rally" caught market attention, with consecutive bullish monthly candles confirming strong demand returning to the market.
⬤ As palladium approached $2,100, the price action showed wider ranges and stronger closes, reflecting the intensity behind the move. This kind of sharp recovery over a short timeframe is significant because it shows how quickly sentiment can flip in volatile, thinly traded markets. When big directional moves take hold, technical momentum often becomes self-reinforcing, drawing in more participants and amplifying the trend.
Marina Lyubimova
