This Is How Trends Begin

When price, positioning, and producers align—you don’t wait for permission.

Palladium is flirting with a breakout.

After months of grinding sideways, it just touched its highest level in 60 days and it is heading towards 100 day highs.

That might sound like jargon, but it’s not. When an asset reclaims that much ground, it’s a signal. A message that the tide might be turning. You don’t need twenty indicators to see it—just a willingness to listen.

More importantly, the people who know this market best—the commercial hedgers—have been steadily buying palladium for months. Not all at once, not loudly, but consistently.

That’s what matters.

It’s not the flash that matters in commodity markets—it’s the persistence. Quiet conviction beats noisy guessing every time.

And that brings us to Sibanye Stillwater.