The Explosive Price Action Seen in Palladium Recently is Indicative of Physical Shortage
THIS Is What a Run on the Bank for Precious Metals Looks Like… #preciousmetals #banking https://t.co/a0Lg6iakag
— Money Metals Exchange LLC (@MoneyMetals) February 12, 2020
THIS Is What a Run on the Bank for Precious Metals Looks Like…
Put simply, available inventories are failing to keep up with demand (largely from the automotive industry).
According to Refnitiv GFMS, the palladium market will be under-supplied by 883,000 ounces this year.
Stresses on the physical market are showing up in spiking lease rates, illiquidity, widening bid/ask spreads, and disconnections between quoted spot prices and actual physical prices. Most importantly, the deficit in palladium supply is manifesting in the form of rising prices.
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from Precious Metals News
The Explosive Price Action Seen in Palladium Recently is Indicative of Physical Shortage
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