Silver vs Palladium

Silver (XAG) and Palladium (XPD) compared side by side. Over the past 90 days, XAG is ahead by 8.1 percentage points (XAG -18.2% against XPD -26.3%). Their daily returns move closely together (correlation 0.73 across 279 shared trading days). XAG has been the more volatile of the two, at 77% annualised against XPD's 66%.

Correlation: 0.73
Ahead over 90 days: XAG

SilverXAG

$51.7700

24h: +4.04%
Market cap: —
Volume 24h: $22,330
Volatility (ann.): 77%

PalladiumXPD

$976.0000

24h: +4.54%
Market cap: —
Volume 24h: $3,815
Volatility (ann.): 66%

Performance

XAGXPD

7 days-7.68%-11.14%XAG
30 days-22.82%-26.41%XAG
90 days-18.23%-26.30%XAG

Correlation

0.73over 279 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 0.581y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	XAG	XPD
Max drawdown (400d)	-57.3%	-57.1%
Risk-adjusted return (90d)	-0.41	-0.56

Relative strength over 90 days: XAG outperformed XPD by 10.9% — measured on the XAG/XPD ratio, so it holds regardless of market direction.

Silver →Palladium →