TradeSignalos
Palladium (XPD/USD)
Rare precious metal used mainly in car exhaust catalysts. Prices can move sharply.
Palladium is a rare metal from the platinum group. Most of it goes into catalytic converters for petrol cars. Traders use it to act on industrial demand and supply shocks.
🕐 Active hours: 08:00–17:00 UTC (London hours); highest liquidity 13:30–17:00 UTC during the US overlap
📜 History
Palladium was discovered in 1803 by English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which had been found in 1802. For much of the 20th century it had few industrial uses. Demand grew from the 1970s and 1980s, when many countries required catalytic converters on petrol cars to cut emissions. Russia and South Africa became the main producers. Prices passed $1,000 per ounce in 2001 and then fell sharply. Prices hit record highs in 2022, after Russia's invasion of Ukraine raised fears about Russian supply.
⚙️ What moves the price
- Car production and emission rules, since most demand comes from catalytic converters.
- Output in Russia and South Africa, and disruptions at major mines.
- Recycling of old catalysts, which adds to supply.
- The shift to electric vehicles, which reduces long-term need for catalysts.
- The US dollar and real interest rates, which affect all precious metals.
Character
- Very volatile. Daily moves of 2–3% are common.
- Trading volume is thin, so large orders can move the price quickly.
- Often moves with platinum and other precious metals, but not always in the same direction.
- Sensitive to supply news and sanctions headlines.
When to trade
- Trade during London and US hours, when volume is highest.
- Watch auto sales data and changes to emission rules.
- Check news on Russian supply before the US session opens.
When not to trade
- Quiet periods such as the Asian session and US market holidays, when spreads widen.
- Around major supply announcements or sanctions news, when prices can gap.
- Using high leverage without a stop loss, since large gaps can happen.
Our verified setups
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- SELL · H4 · TP504/11+$495
📊 Weekly report
02.11–08.11.2026 · this week+$495 ▾
Simulation: $10,000 deposit, $100 risk per trade. Pips — price movement; $ — result at fixed risk.
Simulated account: every trade risks $100, spread included. Past and simulated results do not guarantee future results.
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