Metal is always combined with human civilization. In today’s world, metals are essential for all major product lines. The main reason behind this is the fast growth of the production of electrical items, industrial equipment, and weapons. Due to that, the value of precious metals is getting vary in every day. So, if you can invest in precious metals cleverly and carefully, you can earn a reasonable profit. The purpose of this website is to give a little help and guidance to you by analyzing the past data.

These predictions are calculating by using some data analytic python algorithms without any human involvement. We use an open-source Python library named Facebook’s Prophet and AWS cloud computing services to do these time series forecasting calculations. This Python library helps us to get the forecast prices of precious metals by analyzing the past prices according to the time series. We collect the history prices from yahoo finance. Simply, this Python library analyzes the behavior of the history prices and gives a forecast of the behavior of future prices by using the decomposable time series model with three main components which are trend, seasonality, and holidays.

But the value of precious metals can be changed due to many other reasons. It can be an introduction to super-mix metal. It can be the high production of electrical vehicles. It can be the high production of weapons due to a war between two countries or more. Any of these reasons can give a massive pushup to the value of precious metals. Also, we need to consider the downside. COVID-19 is the best example that happened in the recent past. At the beginning of the year 2020, there was a massive price drop happened not only in the prices of metals but also the prices in the stock market. Likewise, any kind of disaster which can hit the world economy such as a massive storm, tsunami, earthquake, world war, or a new virus or a bacteria disease can crash the market to the bottom. Unfortunately, there is no way to include these factors in the calculations. Due to that, we advise you not to depend totally on these forecast values. This is only a mathematical calculation done according to the behavior of the past data. But please note that anything can be possible in the future.

We have created many pages on this website to forecast the prices of precious metals. On this page, we have listed the links of the forecast prices of precious metals in USD for 30 days, the next 12 months, and the next six years. Forecast values are calculating daily. To speed up the performance of the website, we are using some caching methods.