Palladium Is A Great Investment In 2026

Palladium already more than doubled since 2025, but its upwards move won't stop here, as it's setup to appreciate against both, USD and gold.

As I've previously explained, the current commodities supercycle will lead to a price increase across the whole set of commodities, which includes precious and industrial metals and their miners. Palladium is very well positioned for the next leg of liquidity inflow.

Against USD, palladium is currently trading at ≈$2075/oz. My 2026 target for Palladium is at least ≈$2500/oz, or up another ≈24% from current price levels. Platinum has recently rebounded from its monthly support line.

Against gold, palladium is in a similar situation, as its rebounding from a monthly support trend line. The current Palladium/Gold ratio is at ≈0.38. I expect it to rebound upwards to at least ≈0.7, meaning that palladium is setup to appreciate against gold. Even if gold retraces in the short-to-medium term, I don't expect that price drop be to neither permanent, nor long-lasting.

There is also an ongoing deficit of palladium supply relative to its demand.