Palladium hit a new high last week at $877 per ounce. Palladium buyers haven’t seen palladium this high since 2001. Palladium has risen 25% since February. Palladium needs to surge another 25% to reach an all-time high, which would be a great achievement considering the mediocre performance of commodities over the past three years.
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If history has taught us anything, it is that prices are never too high. We wouldn’t be surprised to see seeing palladium recording an all-time high.