Staff Answer
May 22, 2026 - 06:22 AM
The live spot price for palladium is $1,388.50 per troy ounce as of 9 AM ET today, May 22, 2026, reflecting a 0.80% increase from yesterday morning’s quote of $1,377.50 per ounce. Palladium's intraday recovery is largely driven by a combination of short-covering by institutional traders and localized supply disruptions. Because a significant portion of the world's palladium is produced in regions sensitive to international trade friction, ongoing global supply chain reconfigurations have left industrial end-users eager to secure immediate physical allocations. This commercial purchasing, paired with rigid manufacturing demand for internal combustion and hybrid automotive exhaust systems, has triggered today's upward price correction.
