Palladium Showing Strength in Precious Metals Correction

In an interview with ETF Daily News, Jeb Handwerger said that palladium and platinum are showing “great relative strength” in the current precious metals correction. In fact, palladium is the only metal that has gained over the last year, rising 14 percent.

As quoted in the market news:

Keep a close eye on top platinum/palladium projects in North America. One small junior PGM miner in North America just completed close to a $6 million financing which shows strong support for the caliber of the company’s platinum and palladium assets in the Yukon and Ontario.

Investors should look for platinum and palladium projects in safe jurisdictions as the fundamentals are extremely strong with rising demand and declining supply from South Africa, which produces over three quarters of current supply.

Click here to read the full ETF Daily News report.