A couple of themes have done their bit to make trading metals a white-knuckle ride in March. Supply concerns which stemmed from the war in Ukraine helped industrial metals rally and, in some cases, hit record highs (for a brief moment). Yet it was the major short squeeze on LME’s nickel market which seemingly popped metal’s bubble and sending copper and palladium sharply lower from their record highs, before gold and silver eventually followed. To give a better idea of the levels of volatility witnessed these past few weeks, It’s been the most volatile month for palladium since March 2020. And it’s certainly felt the ... (full story)