Since its all-time high of over $3,400 in March 2022, following Russia' s entry into the war against Ukraine, palladium has been on a downward slope. However, the price of an ounce of palladium seems to have found a major equilibrium point at the $900 level, which has been a support for over nineteen months.

In the months of June and July 2025, a return of precursor buyers began, a sign of renewed attraction for palladium.

Against this backdrop, investors are questioning the relevance of including palladium in their investment portfolios. To answer this question, we first look at the evolution of the palladium price over the last few months, then detail the outlook and therefore the interest of investing in palladium now and over the coming months.

ARTICLE SUMMARY :

• 1) Summary of palladium fundamentals
• 2) Palladium price trend to 2025
• 3) Technical analysis of palladium in 2025
• 4) Short- and medium-term outlook for palladium
• 5) Investing in palladium in 2025: opportunities and risks
• 6) Conclusion: Should you invest in palladium in 2025?

1) A brief review of palladium fundamentals

Palladium is a metal that is particularly sensitive to manufacturing cycles, as it is used extensively in the automotive sector. This accounts for almost 80% of palladium demand.

Palladium is also used in consumer electronics (10%), for circuits and other components such as capacitors and electrical contacts.

The remainder (10%) is used in jewelry, but above all for investment purposes, notably in palladium ingots. In this respect, Godot et Fils offers a wide choice, from 5-gram palladium ingots, one-ounce palladium ingots (31.100 grams), 50-gram ingots to 100-gram ingots.

2) Palladium price trend to 2025

In 2025, palladium faces a particularly complex economic context, influenced mainly by geopolitical factors.

Russia: the world's leading producer (around 40% of total output). Ongoing tensions surrounding Ukraine continue to create uncertainty for Russian palladium exports.

South Africa: The world's second-largest producer, this country is facing social problems and internal economic difficulties that are limiting its production.

These situations generate high volatility, but also short-term earnings opportunities for well-informed investors. It is therefore advisable to keep abreast of the latest news, particularly in our section dedicated to palladium.

For a precise, daily view, also consult the palladium price trend chart.

3) Technical analysis of palladium in 2025

Graphically, the downward momentum seems to have paused at the $900 level. This is a support level already tested several times between September 2017 and August 2018. This key level was also a major resistance in September 2014, when it triggered a violent price downturn.

Fundamentally, palladium could continue to rebound in view of several positive leading indicators, such as the ratio between the "new orders" and "inventories" components of the ISM manufacturing PMI, a sign of improving manufacturing activity in the months ahead.

Furthermore, at the start of 2025, palladium is working its way back to the October 2024 highs of $1230/1250 an ounce.

Finally, it should be noted that buyers had already been present in the months leading up to the US election. The price of palladium had risen by over 19% between the beginning of August and the end of October.

Against this backdrop, the sharp monthly closing break of the $1,050 mark has opened up new potential for price appreciation.

In the short term, the first profit target at the $1250 resistance level has been reached. For a second, more ambitious target, we'll have to aim for 1350 dollars. Finally, from a longer-term perspective, a return to the $1,500 mark could be a legitimate final objective.

Source: TradingView

4) Palladium outlook: short and medium term

Short-term: high volatility

In the short term, palladium could continue to experience marked fluctuations. It remains an asset that is highly sensitive to geopolitical and economic uncertainties.

Nevertheless, for investors wishing to take advantage of these fluctuations, flexible investment formats such as 5g palladium ingots are particularly suitable.

Medium-term: a potentially bullish trend

Over the medium term, palladium benefits from sustained positive factors:

• Continued strong industrial demand.
• Structural supply difficulties.
• Increased need to comply with global environmental standards.

These factors could support steady price appreciation over the next few years, making an investment in 100g palladium ingots an attractive proposition.

5) Investing in palladium in 2025: opportunities and risks

6) Conclusion: Should I invest in palladium in 2025?

At the end of 2024, like all commodities, palladium suffered particularly from the soaring US dollar following the election of Donald Trump in the United States. In November, the precious metal lost 12.24%, then a further 7.45% in December, giving up 20% in just two months.

But a market reversal has been taking place since the second quarter of 2025, confirming that palladium remains a particularly dynamic asset, subject to notable volatility, but also endowed with real growth potential.

The medium-term outlook is very favorable, thanks in particular to solid industrial demand and persistent supply constraints. Nevertheless, investors should remain alert to geopolitical and economic risks that could have a brutal short-term impact on the price.

If you accept this level of volatility and wish to diversify your portfolio, palladium offers an interesting opportunity in 2025, particularly suited to experienced investors able to follow market developments closely.

DISCLAIMER:

This analysis does not constitute financial investment advice. Godot & Fils accepts no responsibility for its use or for any consequences resulting therefrom. Godot & Fils cannot guarantee the completeness or accuracy of the information provided and therefore disclaims all liability for any risks incurred by any person acting solely on the basis of this information. Please note that this information in no way takes into account the specific financial situation and investment objectives of the persons receiving it.