The Olympic medal is a shiny thingy that athletes receive when they do really well in a competition called the Olympics. The Olympics is like a big sports party where lots of people from different countries come to compete and have fun.
There are three types of medals: gold, silver, and bronze. Think of them like stickers you get for doing a good job in school. Gold is the best sticker because it means you did the best, silver is the second-best sticker, and bronze is the third-best.
When an athlete wins a competition, they get a medal in one of these colors. They wear the medal around their necks like a necklace, and they get to keep it forever! The medal is also a special way for the athlete to remember their amazing accomplishment.
So, if you see someone with a shiny gold, silver, or bronze thing around their neck, you can say, "Wow, that person did a really good job at the Olympics!"