Platinum and palladium continued to be under pressure until March 22, when both metals were trading near lower support levels.
Recent charts indicated that short-term momentum was less firm, rebounds were softer, and there was increased attention to whether buyers could guard important price bands.
It is now being monitored by traders, industrial users, and metals desks as platinum dropped further below $1,920 and palladium remained pegged close to $1,445.
Platinum Price Daily Data Indicate a Steady Slide
Performance information of the Investing.com chart indicated platinum experienced a decline of 5.05% and 10.90% in one week and one month, respectively. There was also a negative performance of three months at 9.41% and 35.52% and 97.52% in six-month and one-year performance, respectively. That informs traders that the prior rally was robust, but the current drawback has become widespread and chronic.
Investing.com placed platinum at $1,925.57, down $50.17, or 2.54%, on the day. Price spent much of the session moving lower after failing to hold above the $2,000 area earlier in the move.
By the final stretch, platinum traded close to the session floor, which showed that sellers held control into the close. was trading near the floor of the session, and this indicated that sellers were in charge until the end of the day.
Palladium Yearly Data Indicate Price at Lower Trading Band
TradingEconomics placed palladium at $1,445.50, down $10.00 or 0.69% on the day. A yearly view showed a strong rise from levels near $900 in early 2025 to a peak above $2,100 in early 2026. That rally later faded, and the price has since fallen back toward the mid-$1,400 zone.
On one hand, the TradingEconomics data indicated palladium could not establish a solid ground above $1,700 beyond the peak. Every rebound attempt was followed by a further downward move, and March trading held the market near the lower side of the recent range.
This is important to the buyers of the auto industry, refiners, and the speculative traders, as palladium tends to react fast when the momentum is weak.
Technicals Show Platinum Breaking Below Trend Levels
On the other hand, the upper band that was used on Bollinger Bands was at 2,359.69, the middle band was at 2,144.06, and the lower band was at 1,928.43.
Platinum also closed under the lower band, which is usually an indication of heavy downside pressure and a breakout of the normal trading range. On the part of traders, that maintains focus on the next support zone of $1,915 to $1,900.
TradingView placed platinum at a close of $1,918.35 after an open at $1,965.23, a high at $2,019.89, and a low at $1,915.10. That left the metal down $50.95, or 2.59%, on the day. Volume rose to 172.84K, which showed that the latest drop came with active participation rather than light trade.
MACD stayed firmly negative. At -51.97, the signal line was at -29.67, and the histogram was at -22.30. Those readings indicate that bearish momentum continued to be present into the most recent session. Combined, the charts depict a weaker short-term structure of platinum compared to that of palladium, with the latter remaining close to a lower range, which traders are considering to be a major support area.