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Palladium: Best Performing Precious Metal Year To Date

By Simit PatelCommoditiesNov 09, 2014 11:19PM ET
www.investing.com/analysis/palladium:-best-performing-precious-metal-year-to-date-231870
Palladium: Best Performing Precious Metal Year To Date
By Simit Patel   |  Nov 09, 2014 11:19PM ET
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The chart below shows the precious metals -- Platinum, Palladium, Gold, and Silver -- and their performance year to date. As we can see, palladium has been the clear winner, outperforming the rest of the group and the only one that is positive year to date.

Gold, Silver, Platinum, Palladium Daily Chart
Gold, Silver, Platinum, Palladium Daily Chart

What has led palladium to outperform? Some arguments include:

1. Supply shortages due to mining strikes
2. Increase in demand as global car sales set new all-time highs
3. Market manipulation by banks/funds of prices to the upside

What I also found interesting is the divergence between palladium and the rest of the precious metals over the past three weeks; in that time, palladium is the only one to be positive. I thought this might be especially interesting since it was a time that included gold and silver making new multi-year lows.

The chart below illustrates.

Palladium vs Gold, Silver, Platinum
Palladium vs Gold, Silver, Platinum

Will palladium continue to outperform?

Original post

Palladium: Best Performing Precious Metal Year To Date
 

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Palladium: Best Performing Precious Metal Year To Date

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