The precious metals market is currently stable - unlike the Russian ruble. When Russia started the war against Ukraine, not only the European Union, but also almost the whole world applies various economic (and not only) sanctions against Russia. Russia is a major player in the global economy, so there will certainly be changes in the precious metals market (source: Apnews.com). The US dollar is strengthening and precious metals are not losing interest during the war (source: Metalsdaily.com). It remains to be seen how precious metal prices will continue to change.
The price of gold has dropped very minimally - it currently costs $ 1907.68 an ounce. Etf.com says that during such crisis, the yellow metal is gaining a lot of popularity and its price is usually rising. And this is already being confirmed in China, with a sharp jump in demand for gold (source: Globaltimes.cn). Fxstreet.com says that gold is expected to cost $ 1,920 an ounce soon, but this price will be temporary, depending on the course of the war, sanctions, and so on.
 
The price of silver rose to $ 24.44 an ounce. White metal is rapidly rising in price due to the global shortage of precious metals during the war crisis (source: Nasdaq.com). Fxstreet.com says that the value of silver should soon exceed $ 24.5 an ounce. If the war escalates further, the price of the metal will certainly rise.
 
The price of palladium rose to $ 2502.31 an ounce and the price of platinum fell to $ 1052 an ounce. Sanctions on Russia will directly affect both metals, especially palladium, as there is a large amount of mining in Russia. It will increase the price of palladium in the future, as the world may be in shortage (sources: Bloombergquint.com, Nasdaq.com). The price of platinum is not expected to change much yet (source: Heraeus.com).
Inquirer.com says that the war could re-launch the semiconductor chip crisis, potentially raising the price of cars and other electronics. If the chip crisis will not happen, Toyota plans to produce 11 million cars during this year (source: Carandbike.com). Meanwhile, Mitsubishi Motors is suspending car production and sales in Russia (source: Reuters.com).
 

 
The price of copper rose to $ 10,085.49 a tonne. It can be seen that the biggest price jump of the metal was today. The market seems to be recovering and demand for the metal has started to grow even more (source: Mining.com). It is a new normal, during this period.