Precious metals are increasing their values this week, only the price of palladium has fallen slightly. Metal prices may rise further in recent weeks, but it is difficult to predict how they will be in the long run. Some metals are promised a bright future due to their growing demand, while others may drop in values. According to Metalsdaily.com, the situation will be clearer at the end of the summer, when it will be possible to more accurately predict how this year for precious metals will end.
The price of gold rose to $ 1,792.51 an ounce. In China, demand for gold increased by as much as 93.9% in the first quarter of this year, compared to the same period of the last year (source: Forexlive.com). However, the growth in demand for the metal does not yet guarantee that its price will continue to rise. Reuters.com says that the yellow metal should remain in a similar value position; a lot will also depend on the exchange rate of the US dollar. Finbold.com predicts that the average price of gold will be $ 1,700 an ounce this year, and $ 1,600 an ounce in 2022.
 
The price of silver rose to $ 26.9 an ounce. Etftrends.com says that silver is doing better than gold - its price is rising faster and should not fall in the future. Demand for the metal rose sharply in April, so it is only natural that its price will rise in the future (source: Nasdaq.com). Fxstreet.com says that the price of silver should rise above $ 30 an ounce.
 
The price of palladium doesn't stop growing - it now costs $ 2988.43 an ounce. The price of platinum dropped to $ 1239 an ounce. The situation for palladium does not change - the demand for the metal is growing, and so is its value. Not surprisingly, palladium could soon cost over $ 3,000 an ounce (source: Reuters.com). This will be a record price for the metal.
The price of platinum fluctuates constantly. Although the value has fallen this week, compared to the previous period, it is still in a strong position. Miningweekly.com says that demand for platinum in China alone will grow by 30% over the next year, so the price of this metal is expected to rise in the future as well.
 

 
The price of copper continues to rise - it currently costs $ 9974.59 a tonne. The price of copper may exceed $ 10,000 a tonne on the next week. Mining.com says that if the situation does not improve this year and the metal continues to run short, its value could rise to $ 13,000 a tonne.