Gold and Silver Rise Tuesday, April 20

1

Precious metals split Tuesday with gold and silver rising and platinum and palladium falling. Palladium’s loss follows three consecutive settlement records.

Gold for June delivery rose $7.80, or 0.4%, to finish at $1,778.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is likely to hold in the new range of $1,760-$1,810 until we get another clear market driver. We may need to wait for the FOMC (Federal Open Market Committee) and see if there’s a change in tone as well as how the next round of Treasury auctions go, but overall bonds feel in demand," Reuters quoted Tai Wong, head of base and precious metals derivatives trading at BMO.

Gold futures ranged from a low of $1,763.50 to a high of $1,780.80. They fell 0.5% on Monday.

Marking its fifth increase in six sessions, silver for May delivery inched up less than a half cent, or 0.01%, to end at $25.84 an ounce. Silver futures traded between $25.72 and $26.15. They dropped 1% on Monday.

In other precious metals futures Tuesday:

  • July platinum gave back $10.20, or 0.9%, to $1,196.30 an ounce, ranging from $1,185.10 to $1,214.50.

  • Palladium for June delivery declined $56.20, or 2%, to $2,757.40 an ounce, trading between $2,721.50 and $2,824.50.

US Mint Bullion Sales in 2021

United States Mint bullion sales were unchanged Tuesday. 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)
Tuesday Last Week This Week February Sales March Sales April Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 6,500 8,500 121,000 55,500 28,000 395,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 9,000 0 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 20,000 0 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 55,000 0 150,000
$50 American Buffalo 1 Oz Gold Coin 0 5,000 500 16,000 33,500 9,000 120,000
$1 American Eagle 1 Oz Silver Coin 0 457,000 0 3,191,500 4,087,000 1,053,000 13,106,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 N/A 35,000 0 35,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 N/A N/A 50,000 50,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 0
Subscribe
Notify of
guest
1 Comment
Inline Feedbacks
View all comments
Kaiser Wilhelm

“…silver…inched up less than a half cent…” Just think, at this rate my Ag holdings will make me a hundredaire several times over in the wink of an eye. I guess I’ll be able to retire in no time. Wait, I already did that, and precisely twenty-one years ago this month. Love it!

Last edited 20 days ago by Kaiser Wilhelm