Don't go trying to rip out your dental crown once you know the price of palladium. Palladium is used by the dentist industry everywhere, the alloy form at least. Just knowing that means that there is some value for it. The value of metals can be very shocking when you know the uses for them by others. When they are in demand that also boost the price and even more reason why you should start investing. (Image by Rob! via Flickr)

If you have been keeping up with the price of platinum that means you also know the price of palladium which is currently around $800 an ounce. Both have been doing real well this year.

Palladium is doing better than ever this year compared to 2011. It currently is around ten percent which is definitely good.

This rise has come about because the auto industry is doing well currently in the United States.

So if you didn't know and you're trying to put all this together, palladium is the metal that is used in catalytic converters that are placed in automobiles to diminish emissions.

What is really driving the PGM market however is supply; which unlike other precious metals is highly concentrated.

Palladium isn't just here in the United States, but it is produced in numerous places all around the world.

Russia holds a stockpile of palladium which it feeds into or withholds from the market to steer prices higher, but many observers now believe that stockpile has been depleted or is near to depletion.

... Continue reading at Platinum hits 4-month peak, palladium rockets to 16-month high - MINING.com

Palladium is dependent on many factors, so before you make the decision to invest in it check out platinum, the auto industry, other countries prices and let that tell you if it is a good decision or not. When investing you always want to look out for your best interest.