Answer
Apr 21, 2026 - 06:24 AM
At 9 AM ET, palladium is priced at $1,589.00 per ounce, surging 2.12% from yesterday’s $1,556.00. This notable jump is primarily due to renewed export restrictions from major Russian producers and a technical "short squeeze" in the futures market. While palladium has faced headwinds from the EV transition, today’s price action reflects immediate supply chain anxieties and a strategic re-stocking move by global automotive manufacturers looking to secure physical holdings amidst heightened trade volatility.
