The line graph illustrates the cost of valuable metals between 2013 and 2021.
Overall, while platinum initially had the highest price, it experienced a notable decline by the end of the period. In contrast, the prices of other metals showed a steady upward trend.
At the beginning of the period, platinum was priced at approximately $1500 per ounce, making it the most expensive metal. However, its price steadily decreased, reaching around $1000 in 2015, and fluctuated around that level for the remainder of the period.By 2021, platinum’s price had slightly increased, surpassing $1000.
Gold followed a similar trend to platinum, with an initial price close to $1500 in 2013. Unlike platinum,however, its price remained relatively stable between 2013 and 2019. In 2020, gold saw a significant increase, before stabilizing again toward the end of the period.
Palladium, which was initially priced lower than both platinum and gold, started at just under $1000 in 2013. It fluctuated slightly between 2013 and 2016. However, in 2016, there was a sharp escalation in the price of palladium, which continued to rise year on year, reaching around $1000 by 2019 and culminating at approximately $2500 in 2021, the highest price recorded for any metal in the given period.