Staff Answer
May 21, 2026 - 06:30 AM
As of 9:00 AM ET today, May 21, 2026, the spot price of palladium sits at $1,377.50 per troy ounce, softening by -0.29% from yesterday morning's position of $1,381.50. This morning's slight dip is tied directly to broader macro corrections across risk assets following hawkish statements in the latest Federal Reserve minutes. Despite short-term financial headwinds, current industrial manufacturing demand for physical palladium remains remarkably resilient, supported by steady buying from global automotive firms securing material for hybrid car catalytic converters.
