Silver Edges Higher Wednesday as Gold, Platinum and Palladium Fall

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Silver posted a slight increase on Wednesday while gold, platinum and palladium declined. Losses in gold and platinum were modest, and those losses were their first in five sessions.

Gold for June delivery shed $1.40 to, or 0.08%, to settle at $1,741.60 an ounce on the Comex division of the New York Mercantile Exchange.

"Trader and investor attitudes remain very upbeat at mid-week, which is a negative for the safe-haven metals. However, losses in gold and silver are limited as both metals’ near-term technical postures have improved recently," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,731.20 to a high of $1,745.40. They rose 0.8% on Tuesday and they inched up 0.02% on Monday.

Silver for May delivery settled up 2 cents, or 0.08%, to $25.247 an ounce. Silver futures traded between $24.89 and $25.33. They advanced 1.8% on Tuesday and they declined 0.7% on Monday.

In PGM futures on Wednesday:

  • July platinum dropped $8.60, or 0.7%, to $1,231.90 an ounce, ranging from $1,226.40 to $1,252.50.

  • Palladium for June delivery fell $69.10, or 2.6%, to $2,621.10 an ounce, trading between $2,585 and $2,687.50.

US Mint Bullion Sales in 2021

United States Mint bullion sales were unchanged Wednesday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Wednesday Last Week This Week April January Sales February Sales March Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 13,000 191,000 121,000 55,500 380,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 22,000 9,000 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 36,000 0 20,000 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 95,000 0 55,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 3,500 61,500 16,000 33,500 114,500
$1 American Eagle 1 Oz Silver Coin 0 0 596,000 4,775,000 3,191,500 4,087,000 12,649,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 N/A N/A 35,000 35,000
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0 0
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0 0
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0 0
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 0 0
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 0 0 0
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 0
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