The line graph illustrates the mean closing prices of three precious metals between 2013 to 2021.
Overall, palladium reached to the highest value of the market which is nearly 2400 dollars per ounce, by the end of the time frame.
Platinum dropped its value from the highest on 2013 to the lowest on 2021. Gold had a steady increase In comparison to the other metals.
The most significant shift is experienced by Palladium. From 2013 to 2016, approximately it hovered around 700 dollars per ounce to 600 dollars per ounce. from 2016 it soared significantly on a yearly basis, and reached to its peak value on 2021.
Less dramatic transformation in the price of the metals is related to the gold and platinum. From 2013 to 2015, they both had almost identical values. On 2016, platinum started to drop its value steadily, and it continued until 2020 which obtained a price of just below 1000 dollars per ounce. It had a shift to just above 1000 dollars per ounce on 2021. Gold has a decline of value on 2014. It Plateaued for 5years. On 2020, it rose its value nearly up to 1800 dollar per ounce and kept its value unshifted.