Note: We have nothing on in either of these metals and historically have played long PL against short PA once in a while, but avoid them as short or medium term trading vehicles. That said, bigger moving averages govern them quite nicely.
Palladium
• Palladium has remained extremely volatile in recent weeks, with prices fluctuating above USD 1,000/oz. Considering elevated short positions, we expect prices to stay volatile in the short term.