
The Aberdeen Physical Palladium Shares ETF (PALL) is rated a Buy at $23.10 amid a 47% decline in palladium prices since their January 2026 peak. The ETF offers an attractive risk-reward profile as palladium nears technical support levels, supported by supply risks and steady industrial demand. Due to palladium's limited liquidity and high volatility, a scale-down accumulation strategy is recommended to manage risk during potential market downturns. PALL remains the most liquid and accessible ETF for palladium exposure, with trading volumes comparable to NYMEX futures.