Staff Answer
May 15, 2026 - 06:28 AM
As of 9 AM ET today, May 15, 2026, the spot price of palladium sits at $1,432.50 per troy ounce. This represents a moderate 2.91% decrease from yesterday morning’s reading of $1,475.50 per troy ounce.
While palladium experienced a drop today, it showed relative resilience compared to its sister metal, platinum. This milder pullback is attributed to localized supply constraints stemming from ongoing geopolitical trade blockades and logistics issues affecting shipments out of Russia, which remains a dominant global producer of the metal. However, supply-side anxieties were ultimately overshadowed today by the macroeconomic reality of a robust U.S. dollar, forcing palladium down alongside the broader commodities complex.
