What does the model project for palladium next year?
A lognormal model fitted to 27.9 years of palladium prices puts the median one-year path at NZ$78.08 per gram, with a one-standard-deviation range of NZ$45.68 to NZ$133.46.
The detail
The model has exactly two inputs, both measured from real closes: an annualised return of 5.90% and annualised volatility of 53.6%.
This is not a forecast and nobody can forecast a market price. It is a statement of what this metal's own past behaviour implies about the spread of possible outcomes. Real prices land outside modelled ranges regularly. Not investment advice.
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