Staff Answer
May 19, 2026 - 07:08 AM
At the 9:00 AM ET market open today, May 19, 2026, palladium is trading at $1,385.50 per troy ounce, down a notable 2.84% from yesterday’s print of $1,426.00. Palladium remains the most volatile of the major precious metals, heavily tied to the cyclical health of the global automotive sector. Today’s sharper downward move is a direct reaction to the rising U.S. dollar and broader energy market dynamics. With crude oil dipping on news of potential diplomatic progress with Iran, the urgency for immediate industrial hedging has cooled. Additionally, speculative traders are pulling capital out of high-premium industrial metals ahead of this week’s flash PMI manufacturing data, testing key support levels for the metal.
