Editor’s Note
This article highlights the divergent price movements in the precious metals market as of mid-February, with palladium rising and silver falling sharply. It underscores the sector’s volatility and the importance of monitoring specific commodity trends.
As of mid-February, price volatility for palladium and silver was prominent in the major precious metals markets. Palladium showed an upward trend, while silver exhibited a significant decline. During the same period, other items showed relatively moderate flows, with clear differences in price fluctuations by item.
The price of palladium rose 0.9% over one week to record $1,751.3. Compared to three months ago, it was $1,419.4, a 23.4% increase, and compared to the price one year ago of $1,008.7, it is 73.6% higher. This appears to indicate a significant change in supply within a short period.
Platinum showed a somewhat moderate flow. It was recorded at $2,106.4, down 1.5% from the previous week. Compared to three months ago, it rose 36.3%, and compared to one year ago, it is 111.4% higher.
Gold showed an upward trend. It recorded $4,986.5, down 1.7% from the previous week, which is an 8.7% monthly increase. It rose 22.8% compared to three months ago and 70.1% compared to one year ago.
Silver was the only one to show a decline. It was recorded at $77.51, down 7.5% from last week. Compared to three months ago, it is up 53.6%, and compared to the price one year ago, it has risen by 132.6%. It recorded the highest volatility among all items.
Overall, in the precious metals market, price-rising items were dominant in the short term, but from a long-term perspective, the extent of rises and falls clearly differed by item.
In particular, with items that surged sharply in the short term like palladium and items showing short-term declines like silver coexisting, the precious metals market showed individual rises and falls according to item-specific issues without a clear direction. This demonstrates that supply and demand structures are operating differently for each item.
Examining the recent price trends, the precious metals market shows a clear flow of ‘selective rises and falls’ rather than a ‘general rise’. Given that price volatility differs significantly by item even within the same period, both consumers and distributors need to pay attention to the detailed flow of specific items.
Item | Current Price | 1 Week Ago | 1-Week Change Rate
— | — | — | —
Palladium (NYMEX, PA1) | 1,751.3 | 1,735.3 | +0.9%
Platinum (NYMEX, PL1) | 2,106.4 | 2,137.9 | -1.5%
Gold (NYMEX, GC1) | 4,986.5 | 5,071.6 | -1.7%
Silver (NYMEX, SI1) | 77.51 | 83.75 | -7.5%