ETF Securities' U.S. Palladium Holdings at Record

Source:

"Total holdings are at around 13% of estimated annual net demand."

The amount of palladium held to back the ETFS Physical Palladium exchange-traded product rose 3.2% to a record high on Friday, according to the U.S. arm of ETF Securities, which manages the product.

At 949,392 ounces, total holdings are now equivalent to around 13% of estimated annual net demand for the metal.

Data on the company website showed that the product had added more than 108,000 ounces to its palladium holdings since Nov. 1, which is worth around $81 million at today's prices.

Spot palladium has risen 17% in the same period to its highest since early 2001 at around $755 an ounce.

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