I've noticed an interesting trend with palladium over the past few months. After prices fluctuated for a long time since 2020, from peaks above $3,400 down to $1,000, it seems like some stabilization is beginning. Currently, the price is holding around key moving averages, and many are watching the $1,900-$2,000 level as an important resistance.

What’s interesting is that this volatility in palladium was directly linked to changes in demand in the automotive industry. Electric vehicles have completely changed the situation, along with constant fluctuations in car production. Now, the market seems to be searching for a new equilibrium.

Essentially, palladium remains very sensitive to several factors at once: how actively cars are being produced, how platinum might replace palladium, and of course, how the dollar is moving. Maybe this stabilization is a signal to reconsider the long-term prospects for this metal. It will be interesting to see what happens next.