The line graph illustrates the average nearing costs of chose precious metals between 2013 and 2021.
Overall, the price of palladium and gold increases throughout the given period. Despite the majority pricing on platinum initially, this was surpassed by other liners after the first two years.
The cost of platinum in 2013 was about $1500 per oz. This figure witnessed a steady annual decrease to approximately $1000 per oz in 2015. It hovered around that level for the remainder of the period.
In 2013, palladium was considered the cheapest, with around 0.75 of a thousand dollars per oz. This fluctuated between $650 and $750 from 2013 to 2016. In 2017, palladium selling price experienced a sharp escalation, a trend continued year on year, and culminating at nearly $2400 for an oz; the highest of any category in any year. The historical cost of gold slightly declined to $1250 before facing its largest rise to almost $800 in 2021