Palladium prices were quite high for the first part of 2011, reaching the highest rate of 833.00. The trend changed in August and the price decreased up to 563, which is still high compared to the 161 rate it reached in the period between September 2008 and March 2009. In the last month the price range has been between a low of 665.00 and a high of 722.00. Prices are slightly higher in the London Exchange Market compared to New York in the last month. However, it is foreseen that palladium prices will reach 1000 USD/oz in a couple of years.