Palladium just experienced a sharp selloff, dropping to $1,610 per ounce—a staggering 18.38% collapse within a mere 16-hour window. This marks the commodity's steepest plunge since April 2022, signaling significant volatility in the precious metals space.

The speed and magnitude of this decline deserve attention from portfolio strategists. Sharp moves in traditional commodities often reflect broader market stress, capital rotation patterns, or shifts in macro sentiment. For those monitoring cross-asset dynamics, palladium's weakness could indicate changing economic expectations or industrial demand slowdowns.

With such rapid repricing, traders tracking commodity correlations and macro hedges are watching closely to see whether this represents a temporary spike or the start of a sustained downtrend.