Palladium and platinum both experienced a sharp decline simultaneously. Recently, in the precious metals spot market, palladium dropped to around $1,726.25 per ounce, recording a decline of over 5% compared to the previous day. During the same period, platinum spot prices also fell to $2,272.65 per ounce, continuing a decline of over 7%. Both precious metals are showing a bearish trend, and investors' attention is focused on market volatility. It is important to watch the future movements of the precious metals market, including palladium.