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Today you will find a plethora of in-depth analysis on palladium—a complete industry report, in fact. The price of palladium has surged recently to a record $3500 per ounce. The two-year palladium boom is still going. Do not miss out.
We have that along with news on copper, silver, and platinum for you below.
Let’s dig in…

Price
Copper Prices Close In on 8-Year High
Prices for a major metal found in the electronics recycling stream have climbed high in recent weeks, largely driven by China’s economic recovery following its COVID-19 lockdown. Copper is currently sitting at about $3.50 per pound, its highest price since early 2013, according to historical COMEX pricing figures. The pricing dynamic is connected to economic activity in China, where the pandemic lockdown early in 2020 limited demand for a time. Since the country’s lockdown ended, an economic recovery has shifted the global market for certain metals.
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Commentary
Here’s a Comprehensive Industry Analysis on Palladium
Want some in-depth market research on the Palladium industry from 2020 all the way out to 2026? This report on the market dynamics of palladium covers both the demand and supply aspects of the market. Palladium market research report provides market sizing, share, forecast – estimation & approach, Covid19 aftermath – Analyst view, strategic analysis, revenue opportunities, industry trends, competition outlook, insights and growth – relevancy mapping, growth drivers, and vendor analysis.
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Price
Palladium Surges to Record $3500 an Ounce
If you missed the palladium boom of the past two years don’t panic because the seeds are being sown for a surge to an all-time price high of up to $3500 an ounce, 175% up on where the metal was at the start of last year. That bullish price forecast from Citi, an investment bank, will be well received in Russia, the world’s major producer of palladium, and South Africa, the second biggest supplier of a material used mainly as a catalyst in the exhaust systems of gasoline-powered cars.
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Price
Gold, Silver and Platinum Soaring Higher
Monday was an ugly day in metals, especially for gold. It was apparent early in the session that gold was in for a long day and had little chance of going higher. Of course, that was precisely how gold traded, down all day trading in a range at the lower end. This morning is an entirely different story; gold is up 16.00 based on the February futures, which is the mirror image of Monday. We are long and expect a rally; however, since we became buyers about a week ago, gold has struggled. We will stay long because our positions are determined by our Algorithm.

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Economy
Could the Banking Industry Be Close to Crashing?
After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All these factors are serious and could mire the United States in a deep, prolonged recession. But there’s another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed. You may think that such a crisis is unlikely, with memories of the 2008 crash still so fresh. But banks learned few lessons from that calamity, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on the precipice of another crash, one different from 2008 less in kind than in degree. This one
could be worse.
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Price
Silver Continues Strong Performance with Weekly Highs Above $24.50
Spot silver (XAG/USD) has traded on the front foot thus far on Tuesday, with prices currently trading close to highs of the day at just above $24.50. At present, XAG/USD trades with gains of around 60 cents or over 2.5% on the day. After rallying to nearly -0.95% on Monday, the yield on the US 10-year TIPS has slumped back to -1.0% and currently sits close to lows since mid-September. For context, falling US real yields (since the start of the year the US 10-year TIPS yields has dropped from roughly 0.0% to current levels at around -1.0%) have been identified as a key driver of precious metals; the lower the real rate of return on investments in bonds, the more comparatively attractive it is to invest in non-yielding precious metals.
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Gold Silver Central

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