After an 8% decline in 2024 because of a significant drop in palladium prices, a composite of the four precious metals trading on the CME’s COMEX and NYMEX divisions rose 7.24% in Q2 and were 5.79% higher than the 2023 closing level at the end of June. While gold, platinum, and silver posted gains, palladium prices continued to decline. Rhodium, a platinum group metal that only trades in the physical market, edged lower in Q2 but was still higher since the end of last year.
Silver leads on the upside as the metal breaks above technical resistance
