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Palladium price today: trend, volatility and seasonality

Data updated October 13, 2026

1,097usd/t.oz−2.71% today

Palladium last traded at 1,097 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 price over five years

1,0001,5002,0002026
Spot price200-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 1,097 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.