Precious Metals Futures Decline, Silver Slips From Near 3-Month High

by CoinNews.net on April 19, 2018 · 0 comments

American Eagle silver coins, bullion gold bars, money

Losses in precious metals futures ranged from less than 0.1% for silver to 0.8% for palladium

Precious metals futures ended lower Thursday. Silver’s loss was its first in five sessions with prices slipping slightly from a near three-month high while gold retreated from a one-week high.

Gold for June delivery shed $4.70, or 0.3%, to settle at $1,348.80 an ounce on the Comex division of the New York Mercantile Exchange.

"There was a bit of upward momentum, but you are still in the $1,300-$1,365 range. It’s more of a technical trade at the moment — it tries the upside again and if that doesn’t succeed then it falls back," Reuters quoted Dan Denbow, USAA senior portfolio manager. "Rates are up and dollar-supportive. The Fed still seems to be on the path for tightening. The Fed and cryptocurrencies, a bit, have been hampering (gold)."

Gold futures traded between $1,343.20 and $1,357.70. They rose 0.3% on Wednesday to close at their best level since April 11, dipped less than 0.1% on Tuesday, and climbed 0.2% on Monday.

After advancing in nine of the last ten sessions, silver for May delivery dipped less than a penny, or 0.05%, to finish at $17.239 an ounce. Silver futures ranged from $17.09 to $17.36. They surged 2.8% on Wednesday — posting their best settlement since Jan. 26, rose 0.7% on Tuesday, and edged up 0.1% on Monday.

In other precious metals futures prices:

  • July platinum declined $5.70, or 0.6%, to $940.10 an ounce, trading between $935.40 and $957.40.

  • Palladium for June delivery fell $8.50, or 0.8%, to $1,026.45 an ounce, ranging from $1,013.35 to $1,047.75.

London Precious Metals Prices

LBMA bullion prices are available on the LBMA website with a delay of midnight.

US Mint Bullion Sales in 2018

United States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday Last Week This Week March April 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 2,000 500 2,500 2,500 46,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 10,000 0 95,000
$50 American Buffalo 1 Oz Gold Coin 0 500 500 1,000 1,000 29,500
$1 American Eagle 1 Oz Silver Coin 0 125,000 275,000 915,000 610,000 5,702,500
Pictured Rocks 5 Oz Silver Coin 0 0 0 10,000 0 30,000
Apostle Islands 5 Oz Silver Coin 0 N/A 30,000 N/A 30,000 30,000

 

Leave a Reply

Be the First to Comment!

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of