⬤ Palladium prices took a hit, sliding below the critical $1,930 threshold as selling pressure intensified across the metals sector. The daily chart shows palladium closing around $1,820 following a steep decline, with price now sitting below both the 9-day and 21-day exponential moving averages—a clear signal of short-term weakness.
⬤ On the daily timeframe, palladium got rejected from resistance between $1,935 and $1,980 before accelerating downward toward the $1,720 support zone. This move happened alongside widespread losses in other metals, suggesting the recent price action reflects broad sector pressure rather than something specific to palladium alone. The momentum loss became obvious as price broke below the rising short-term moving averages that had been supporting the rally since late 2025.
The failure of $1,930 to hold was acknowledged, though it has not materially changed the overall outlook.
⬤ The monthly chart provides crucial longer-term perspective. Palladium remains well above its multi-year lows near $1,000–$1,100, where it spent most of 2024 and early 2025 consolidating. The broader recovery has pushed prices back into the $1,700–$1,900 range, an area that historically served as both support and resistance. Despite the recent pullback, palladium is still trading above key long-term moving averages, which suggests the larger structural rebound hasn't completely broken down yet.
⬤ This matters because it shows how tricky it can be to rely on single price levels during volatile periods. The break below $1,930 demonstrates how quickly sentiment shifts when metals move lower together. While short-term action has weakened, the longer-term structure still reflects stabilization above prior lows. How price behaves around the $1,720–$1,800 zone will likely determine whether this becomes a deeper correction or just a pause within the broader metals market recovery.
