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Palladium price today: trend, volatility and seasonality

Data updated October 13, 2026

1,125usd/t.oz−0.31% today

Palladium last traded at 1,125 usd/t.oz (close of October 13, 2026), down 31.0% year to date and down 27.1% over twelve months.

It is in a downtrend: both the price and its 50-day average are below the 200-day average, with the price 23.1% below that average.

Over the past 52 weeks it has ranged between 1,126 and 2,190; today's price sits at 0% of that range.

One-month volatility is 26% annualised, low compared with its own history, and the largest fall from a high in the last year was 48.6%.

Returns by period

1W
−4.0%
1M
−14.8%
3M
−13.8%
6M
−29.2%
Year to date
−31.0%
1Y
−27.1%
3Y
—
5Y
—

Spot price changes, close to close. They do not include the roll cost or carry of futures, which is what commodity ETFs earn.

Palladium over five years (start = 100)

100.00150.00200.002026
Spot price, indexed200-day moving average

Trend and risk

Trend (50/200-day)
Downtrend
vs 200-day average
−23.1%
RSI (14 days)
30
Momentum 12-1
−14.4%
Volatility 1M
26.0%
Volatility 1Y
56.4%
Max drawdown 1Y
−48.6%
52-week range position
0%

Futures positioning (CFTC COT)

Managed money (hedge funds and CTAs) held a net short position of 9,385 contracts in Palladium (44.6% of open interest), near the most short of the past year. MEDGE reads this as “crowded short”. Report of October 6, 2026.

Palladium COT report: positions, history and what followed extremes →

Questions

How has palladium performed this year?

As of October 13, 2026, Palladium is −31.0% year to date and −27.1% over the last twelve months, at 1,125 usd/t.oz.

Is palladium above its 200-day moving average?

No: the price is 23.1% below its 200-day average of 1,466. With the 50-day average also below it, the trend reads as down.

How volatile is palladium?

Its one-month volatility is 26.0% annualised and one-year volatility 56.4%. Current volatility is at the 0th percentile of all one-month windows in the available history.

Are hedge funds long or short palladium?

Managed money (hedge funds and CTAs) held a net short position of 9,385 contracts in Palladium (44.6% of open interest), near the most short of the past year. Figures from the CFTC Commitments of Traders report of October 6, 2026.

Related

Source: MarketStack commodity prices; CFTC Commitments of Traders (Disaggregated, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.