Palladium is a white metal which is has a silver-grey-white color and is similar to platinum. Palladium is one of the metals that is part of the platinum group of metals. The platinum group metals share similar chemical properties. Palladium is well suited to use with engagement rings and wedding rings.
A few short years ago the price of palladium was actually higher than platinum, however, the price of palladium is now lower than platinum, making it a more affordable option.