Returns, normalized performance, drawdown history, and reported institutional forecasts.
This table uses the net spot price changes for gold, silver, and platinum to illustrate how major precious metals have moved over selected periods before the real-world costs of buying or selling physical metals are considered.
| Metal | Spot Return |
|---|---|
| Gold | — |
| Silver | — |
| Platinum | — |
Spot returns are based on metal price movement only. They do not include retail premiums, dealer spreads, payment-method differences, taxes, shipping, storage, or transaction costs. Final physical acquisition costs can vary by dealer, product, quantity, payment method, and checkout terms.
Source: Metals-API spot-price data.
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This table shows the percentage change in spot prices for gold, silver, and platinum over multiple time horizons. Spot prices reflect the underlying market price of each metal before any retail premiums, dealer spreads, taxes, shipping, storage, or other transaction costs that apply when buying or selling physical metals.
Each row represents a metal, and the Spot Return column shows the percentage change in that metal's spot price over the selected timeframe (YTD, 3Y, or 5Y). - A positive value indicates the metal's spot price rose over the period - A negative value indicates the metal's spot price declined over the period Use the timeframe buttons above the table to switch between YTD, 3Y, and 5Y views.
This table and the Precious Metals Normalized Returns chart below draw from the same spot-price data, but they answer two different questions: - This table answers "what was the net result?" — a single, scannable percentage for each metal over the period - The chart answers "what was the path?" — how prices moved month by month, how far they fell during downturns, and how the metals diverged along the way By design, each figure in this table matches the end point of that metal's line in the chart for the same timeframe (both use the same start-to-end percentage change). Think of this table as the destination and the chart as the route that got there. Read the table for the quick answer; scroll to the chart for the fuller story.
Spot-price performance is one of the most commonly referenced indicators of how precious metals have moved over time. Comparing returns across multiple horizons helps provide context for short-term moves versus longer-term trends. However, spot price returns do not represent the actual cost or return of buying or selling physical coins or bars, and past performance is not a guarantee of future results.
Spot price performance does not reflect the full cost or return of buying or selling physical precious metals. Real-world transactions typically include retail premiums above spot, dealer bid/ask spreads when selling, shipping, storage and insurance, applicable taxes, and payment-method differences. Physical precious metals do not generate income or dividends and can be volatile over short periods. Spot prices reflect global market activity and can be influenced by interest rates, currency movements, geopolitical events, industrial demand, and market sentiment. PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations.
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The table below captures the percentage returns of gold, silver, and platinum across multiple timeframes.
This information is provided for educational and market-context purposes only. It is not investment advice, a recommendation to buy or sell precious metals or a recommendation to change any portfolio allocation. PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations.
Returns of gold, silver, and platinum across multiple timeframes
| Asset | 1W | 1M | 3M | YTD | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Gold | — | — | — | — | — | — | — |
| Silver | — | — | — | — | — | — | — |
| Platinum | — | — | — | — | — | — | — |
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Select assets and a single timeframe to compare returns
The Returns Comparison Chart lets you select any combination of metals and a single timeframe to visualize how gold, silver, and platinum have performed over the same period.
This information is provided for educational and market-context purposes only. It is not investment advice, a recommendation to buy or sell precious metals or a recommendation to change any portfolio allocation. PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations.
PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations. The platinum 10Y is shown as "—" as our tracked platinum spot history begins in September, 2019 Loading latest data…
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Where the Spot Returns table above shows the net result, this chart shows the path that got there — how each metal moved over the selected period, including major market events. All series are rebased to 100 at the start of the window, so the lines track cumulative percent change. It does not show physical purchase returns and does not include dealer premiums, taxes, shipping, storage, insurance, or resale spreads. PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations.
All series rebased to 0% at the selected start date; values shown are cumulative percent change since that point.
Precious metals priced in U.S. dollars (USD); daily closes sourced from spot price history, sampled monthly. Metals history available from April 2016 onward.
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This chart shows the cumulative percent change in the spot price of gold, silver, and platinum over the selected timeframe. Every line is rebased to 100 at the start of the window, so the chart tracks how far each metal's price has moved in percentage terms — not in dollars. Shaded bands mark notable market events (such as the COVID-19 disruption and the 2022–2023 inflation surge) when they fall inside the visible range.
All lines start at the same point (100) based on the timeframe you select. The resulting line(s) track how much gold, silver, and platinum have changed in percentage terms over that period. - A line above 100 means the metal's price rose over the period - A line below 100 means the metal's price fell over the period - A line near 100 means the price is approximately where it started Use the metal toggles to add or remove series, and the timeframe buttons (3M, YTD, 3Y, 5Y) to change the window.
A single return figure tells you the destination but not the path. This chart shows the journey — the volatility, the drawdowns, and the way the three metals can diverge from one another over the same period. Seeing those swings helps put short-term moves in context and reinforces that precious metals are not one uniform asset category; gold, silver, and platinum each respond to different demand drivers and can behave very differently from one another.
Gold, silver, and platinum are often grouped together as "precious metals," but they respond to very different forces — which is why their lines can lead, trail, or diverge over the same period. - Gold is primarily a store-of-value asset, driven by interest rates, the dollar, and demand for a financial hedge - Silver has a dual identity — part monetary metal, part industrial metal — so it often moves with gold but swings harder in both directions - Platinum is largely an industrial metal, tied to manufacturing and automotive demand, so it can move on its own cycle entirely Toggle individual metals on and off above to see how far gold, silver, and platinum diverge over the same period. The takeaway: these three are not interchangeable, and a single "precious metals" return can hide very different stories underneath.
This chart and the Gold, Silver & Platinum Spot Returns table above draw from the same spot-price data, but they answer two different questions: - The table answers "what was the net result?" — a single, scannable percentage for each metal over the period - This chart answers "what was the path?" — how prices moved month by month, how far they fell during downturns, and how the metals diverged along the way By design, the end point of each line here matches that metal's figure in the table for the same timeframe (both use the same start-to-end percentage change). The table is the destination; this chart is the route that got there. Together they give both the quick answer and the fuller story.
The lines move in percentages, not dollars. A line at 150 means a 50% gain over the period, not $150. Past performance is not a forecast of future returns. Metals can go through long flat or declining stretches, and they can be volatile over short periods. This chart shows the metal price only. It does not include dealer premiums, dealer spreads, shipping, storage, insurance, taxes, payment-method differences, or the spread between buy and sell prices. PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations.
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Largest decline from a prior high during the selected period.
Return is only part of the story. This view shows the largest peak-to-trough decline in gold, silver, and platinum spot prices during the selected period. It helps users understand how much downside movement occurred along the way.
| Metal | Largest Decline | Context |
|---|---|---|
| Gold | — | — |
| Silver | — | — |
| Platinum | — | — |
Largest decline from prior high
Largest decline from prior high
Largest decline from prior high
Drawdown is calculated from spot-price movement only. It does not include retail premiums, dealer spreads, payment-method differences, taxes, shipping, storage, or transaction costs. Final physical acquisition costs and resale outcomes can vary by dealer, product, quantity, payment method, market conditions, and checkout terms.
Source: Metals-API spot-price data. Calculations by PreciousMetalsRadar.com.
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This table shows the largest peak-to-trough decline, also called maximum drawdown, in the spot prices of gold, silver, and platinum over multiple time periods. Drawdown measures how far each metal fell from a prior high to a later low during the selected window, helping put downside movement into historical context alongside returns.
Each row shows the largest decline for a single metal over the selected timeframe (YTD, 3-year, or 5-year). - Values are shown as negative percentages because drawdown measures a decline from a prior high - A larger negative number means a deeper peak-to-trough decline occurred during the period - A smaller negative number means the metal experienced less downside movement along the way The bar next to each value scales relative to the largest decline shown, making it easier to compare downside movement across the three metals at a glance.
Returns alone do not tell the full story. Two metals can finish a period with similar gains while taking very different paths to get there. Looking at the largest decline helps users understand how much downside movement occurred along the way, which can be useful when evaluating volatility and comparing how gold, silver, and platinum behave. However, drawdown is backward-looking and is not a prediction or a buy or sell signal.
Drawdown is calculated from spot-price movement only. It does not reflect retail premiums above spot, dealer bid/ask spreads when selling, shipping, storage and insurance, applicable taxes, or payment-method differences. Physical gold and silver are generally considered complementary assets, not replacements for a diversified portfolio of stocks, bonds, cash, and other holdings. Physical precious metals do not generate income or dividends and can be volatile over short periods. Past price movement, including historical drawdowns, is not a guarantee of future results. PreciousMetalsRadar.com is not a registered investment advisor, broker-dealer, or commodity trading adviser and does not provide personalized recommendations.
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Historical performance can help investors understand how precious metals have behaved across different market environments, but it does not predict future results. To provide additional context, the tables below summarize selected 2026 gold and silver price forecasts from publicly available institutional research summaries and financial-market sources. Note that these forecasts are included for market context only.
Reported institutional forecasts are directional views, not guarantees. More recent forecasts, revisions, or private research updates may exist and may not be reflected in this table. Always verify directly with the cited institution or publication before relying on a forecast.
Each entry reflects PreciousMetalsRadar’s own summary of publicly reported forecast figures, with a link to the original article for attribution. Source names (e.g., Reuters, Kitco News) are cited as the publication where the forecast was reported and do not imply any partnership or endorsement.
| Metal | Forecasting Firm | 2026 Forecast Level | Pub Date | Public Source |
|---|---|---|---|---|
| Gold | Goldman Sachs | $4,900/oz YE 2026 | August 28, 2026 | Goldman Sachs Research |
| Gold | UBS | $5,000/oz in 1H 2027 | August 6, 2026 | UBS Chief Investment Office, "Gold’s rally has support" |
| Gold | Deutsche Bank | $4,600/oz Q4 2026 | August 2026 | Deutsche Bank Research |
| Gold | Citi Research | $5,000/oz in 2027 | July 15, 2026 | Citi Research, "Midyear 2026 Outlook" |
| Gold | Bank of America | $4,360/oz (2026 avg); $5,000/oz (achievable following Fed tightening cycle) | July 7, 2026 | Bank of America Global Research (Michael Widmer, Head of Metals Research), Independently reported by Reuters, July 8, 2026 |
| Gold | J.P. Morgan | $5,243/oz (2026 avg); $6,000/oz (4Q2026); $6,263/oz (2027 avg); $6,300/oz (year-end 2027) | June 9, 2026 | J.P. Morgan Global Research |
| Metal | Forecasting Firm / Source | 2026 Forecast Level | Pub Date | Public Source |
|---|---|---|---|---|
| Silver | J.P. Morgan | $63/oz (Q4 2026); $70/oz (2026 avg); $63/oz (2027 avg) | August 13, 2026 | J.P. Morgan Global Research |
| Silver | HSBC | $75/oz (avg); $70/oz (year-end) | May 17, 2026 | Yahoo Finance |
| Silver | UBS | $85/oz (Q2–Q3); $80/oz (year-end); $75/oz (Mar 2027) | May 14, 2026 | Kitco News |
| Silver | Reuters Analyst Poll | $78/oz | April 27, 2026 | Public Summary |
| Silver | Bank of America | $135–$309/oz | April 22, 2026 | TheStreet via Yahoo Finance |
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