Aberdeen Standard Physical Palladium Shares ETF 

PALL tracks the palladium spot price, less trust expenses.

Range Nuclear Renaissance Index ETF

Simplify Interest Rate Hedge ETF

Advisorshares Psychedelics ETF

Valkyrie Bitcoin Miners ETF

Wall Street delivered a muted performance in October. But these ETFs returned more than 10%.

5 Best-Performing ETFs of October

Sibanye Stillwater's confirmed production cut of 200k oz/year from 2025 may balance the palladium market and trigger a short-covering rally in prices. The abrdn Physical Palladium Shares ETF holds over 292 million oz of palladium, tracking the metal's price, which has declined due to reduced automotive demand. Given the record short position in palladium futures, Sibanye's production curtailment could prompt a short squeeze, making PALL a speculative buy.

PALL: Production Curtailment May Cure Low Prices (Rating Upgrade)

Palladium has been the worst-performing precious metal in the past few years due to declining demand in automotive applications. Auto accounts for 80-85% of palladium demand. Recently, Sibanye Stillwater hinted it may shutter its U.S. operations as palladium prices are not sufficient to cover mining costs. If Sibanye follows through on its threat, we could see a short squeeze in palladium markets, as palladium futures short-positioning is at historic levels.

PALL: Could Supply Response Cause A Short Squeeze?

Sonicshares Global Shipping ETF

iShares MSCI South Africa ETF

AdvisorShares Pure US Cannabis ETF

Wall Street was moderately upbeat last week. Notably, NVIDIA stock hit a record but eventually succumbed to a slowdown due to profit booking.

4 Top-Performing ETF Areas of Last Week

Palladium futures reached a record high in March 2022 but have since experienced a significant decline. Russia's role as the leading palladium producer and the war in Ukraine has influenced the metal's price. There is potential for a substantial recovery in the palladium market due to technical factors, demand for catalytic converters, and green initiatives.

PALL: Palladium Recovers, More Technical Upside Potential

Palladium benefits from stringent emission regulations and technological advancements, making it a potential hedge against inflation and currency devaluations. The abrdn Physical Palladium Shares ETF offers a cost-effective and convenient way to invest in palladium, backed by physical palladium held in vaults. China's economic growth and demand for palladium are pivotal, but limited domestic reserves and geopolitical risks highlight potential vulnerabilities to supply disruptions.

PALL: A China Recovery Beneficiary

2x Bitcoin Strategy ETF

Coinbase

GraniteShares 1.5x Long COIN Daily ETF

Wall Street was downbeat last week as evident due to rising rates.

3 Top-Performing ETF Areas of Last Week

Aberdeen Standard Physical Platinum Shares ETF

Platinum traded higher than palladium this month for the first time in nearly six years, with expectations for a back-to-back annual supply shortage and rising demand for platinum boosting prospects for higher prices.

Platinum rises from ashes of ‘dieselgate' to outperform palladium. What's next.

Palladium's bull market peaked in March 2022 at $3,380.50 per ounce, coinciding with Russia's invasion of Ukraine. Russia and South Africa are the leading producers of palladium, causing supply concerns due to the war in Ukraine. Palladium prices have dropped below $1,000 per ounce in November 2023, creating a potential buying opportunity for abrdn Physical Palladium Shares ETF.

PALL: The Palladium Premium Over Platinum Collapses

Palladium has been the worst-performing precious metal in the past few years due to declining demand in automotive applications. Auto accounts for 80-85% of palladium demand. Palladium is usually produced as a byproduct of mining other metals like silver and copper. Supply is price-inelastic. This was a blessing when demand exceeded supply, leading to squeezes. However, in the coming years as palladium for catalytic converters is phased out, the blessing will turn into a curse as supply of palladium will not decrease with lower prices.

PALL: Blessing Turn Into A Curse

abrdn Physical Palladium Shares ETF allows investors to track the dynamics of palladium without going into the precious metal. Palladium has a strong underlying demand from the automotive sector due to the tightening emission standards. Despite the recovery in vehicle registrations, I would rather Hold the shares of PALL, as the economic slowdown is weighing on industrial metals demand.

PALL: Strong Fundamentals For Growth Remain Intact

PALL has continued to bleed since we published our constructive thesis on February 15. Speculators have established a record net short position in palladium on Nymex, indicative of an excessively bearish sentiment. If potential supply constraints from Russia materialize later this year, a significant short-squeeze could ensue, pushing palladium prices and PALL up.

PALL And Palladium's Inflection Point

iPath Global Carbon ETN

Kraneshares European Carbon Allowance ETF

Sprott Junior Uranium Miners ETF

In this edition of the top-performing ETFs rundown, metals and commodities ETFs both took leading positions. Specifically, those metals and commodities appear related to the ongoing global transition to renewable energy sources.

Top-Performing ETFs: Commodities ETFs Lead

Palladium and the abrdn Physical Palladium Shares ETF are oversold, presenting a contrarian investment opportunity, as above-ground inventories remain low. Bearish market sentiment stems from a belief electric vehicle demand will erode palladium buying, while many automakers are already switching to cheaper platinum for catalytic converters. A record net short position in palladium futures could lead to a short squeeze and potentially sharp price increase.

Palladium Overdue For A Large Rebound: Buy PALL

I advise against investing in Palladium and the abrdn Physical Palladium Shares ETF due to the rapid adoption of electric vehicles, which do not require catalytic converters - a major use for Palladium. Despite historically outperforming gold, I predict a decline in demand for Palladium as the sale of internal combustion engine vehicles decreases, putting pressure on Palladium prices. I suggest investors looking to invest in precious metals as a store of value should stick to gold bullion, which does not face the same demand issues as Palladium and Platinum.

PALL: Palladium May Be In Terminal Decline

PALL: Palladium Finds A Bottom

ALPS Medical Breakthroughs ETF

Virtus LifeSci Biotech Clinical Trials ETF

Loncar Cancer Immunotherapy ETF

Global X MSCI Nigeria ETF

iPath Series B Bloomberg Platinum Subindex Total Return ETN

GraniteShares Platinum Trust

Invesco DWA Healthcare Momentum ETF

Simplify Propel Opportunities ETF

In a somewhat surprising turn, biotech and life sciences-focused ETFs were the driving themes in the last week's top-performing ETFs, with the ALPS Medical Breakthroughs ETF (SBIO) leading the way with a 10% return.

ALPS' Biotech ETF SBIO Week's Top Performer

Latest CFTC Data shows the largest net speculative short position on record. Current data is a month behind, and we expect it to be even larger.

CFTC Data Shows The Largest Speculative Palladium Short On Record

Palladium positioning is at extreme short levels not seen in the past decade. While Palladium's long-term future has big question marks, we think short term, there are good fundamental reasons for a price rise.

Palladium: 4 Reasons Why We See A Big Short Squeeze

Palladium is expected to be a profitable investment in 2023 due to a combination of macroeconomic and fundamental drivers. The outlook for palladium is positive due to a restocking cycle in the auto industry, tighter mine supply, recycling constraints, and regulations aiming at lowering pollution in the automotive industry.

PALL: The Right Choice To Capitalize On Palladium's Potential In 2023

Palladium has been outperforming other precious metals by a healthy margin this year and is expected to continue this trend.

Palladium ETF Outshining Gold

SPDR Gold Trust

Aberdeen Standard Precious Metals Basket Trust

iShares Silver Trust

Investing in Precious Metals ETFs

Simplify Managed Futures Strategy ETF

Simplify Volatility Premium ETF

Invesco DB US Dollar Index Bullish Fund

After a downbeat Q1, Wall Street has maintained its lackluster journey in Q2.

4 Best-Performing ETF Themes of the Past Three Months

Russia plays a crucial role with regard to palladium on a global scale, and the ongoing conflict with Ukraine is only putting increased strain on supply, which could keep prices elevated. “Russia's invasion of Ukraine has infused massive uncertainty into the global palladium supply chain, pushing the autocatalyst metal to an all-time intraday high of [.

Ongoing Russia-Ukraine Conflict Could Keep Palladium Prices Elevated

A palladium exchange traded fund shined on Monday as the precious metal is expected to slip back to a deficit this year. The abrdn Standard Physical Palladium Shares ETF (NYSEArca: PALL) increased 4.9% on Monday while the palladium spot price was up 4.9% to $2,041.6 per ounce.

News for Aberdeen Standard Physical Palladium Shares ETF ETF (PALL)