Palladium in the IRA - anyone still holding?

• •Looking for some thoughts on palladium, specifically for those of us who hold it in a precious metals IRA.
• •The logic for me, being a former commodities guy on Wall Street, was sound at the time – supply constraints, industrial demand, the whole nine yards.
• •My overall metals allocation is pretty hefty, probably north of 30% of my 8-figure portfolio, and palladium was a significant part of that.

Looking for some thoughts on palladium, specifically for those of us who hold it in a precious metals IRA. I've had a decent chunk of physical palladium in my IRA for about 8 years now, originally bought into it heavily during that big run-up a few years back. The logic for me, being a former commodities guy on Wall Street, was sound at the time – supply constraints, industrial demand, the whole nine yards. My overall metals allocation is pretty hefty, probably north of 30% of my 8-figure portfolio, and palladium was a significant part of that.

The past couple of years have been a bit of a gut punch, though. Seeing it drop from those highs and just kind of stagnate stings, especially when you're used to seeing some real movement. I've rebalanced other parts of my portfolio (always keeping some dry powder for opportunities, you know), but the palladium has largely just sat there. Is anyone else in a similar boat? Are you still holding strong, or have you trimmed any positions?

I get the long-term thesis for metals, especially during inflationary periods or geopolitical uncertainty, which NY has seen its share of. And an IRA provides that nice tax-deferred growth, which is lovely for us retirees. But I'm starting to question the opportunity cost of keeping such a large allocation in palladium specifically, vs. perhaps reallocating some of that capital into gold or even some of the more stable silver plays. Thoughts on what that specific industrial demand looks like for the next 5-10 years? Are we past peak auto catalyst demand or is there another major industrial use case brewing I'm overlooking?

Frankly, seeing my kids' portfolios outperform mine in the last year with boring S&P funds is a bit humbling. Always been a believer in diversification, but you gotta wonder sometimes if the "smart money" is just leaving this one on the table for good. What's the sentiment out there from other serious metals investors?