Palladium has been able to overcome outflows from exchange-traded funds so far this month, says Commerzbank. ETFs for precious metals trade like a stock but are backed by metal put into storage. “The exodus from palladium ETFs continues; a further 27,000 ounces were withdrawn yesterday, putting total outflows at 76,000 ounces in the last two days and at 177,000 ounces since the start of the month,” Commerzbank says.
