Palladium Drops 2.8% to New Cycle Lows as PALL Extends Its Decline

Palladium reportedly plunged 2.8% to new cycle lows, extending the precious metal's downward trend amid continued selling pressure.
Hedgeye highlighted the decline, stating that its ETF Pro Plus strategy has maintained a short position in the abrdn Physical Palladium Shares ETF $PALL since September 21, following a recommendation by Keith McCullough.
According to Hedgeye, $PALL has declined 19.1% since that call. The performance figure is based on the firm's own reporting and has not been independently verified.
The latest weakness reinforces bearish price momentum, although the duration of the downtrend will depend on industrial demand, supply conditions and broader commodity market sentiment.