Gold and Silver Log Highest Settlements Since February

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In precious metals trading action Thursday, palladium declined while gold, silver and platinum climbed. Gold and silver finished at their highest prices since February.

Gold for June delivery advanced $31.40, or 1.8%, to settle at $1,815.70 an ounce on the Comex division of the New York Mercantile Exchange. The close was the highest since Feb. 12 when gold ended at $1,823.20 an ounce.

"Gold and silver prices are sharply higher and hit 10- and nine-week highs, respectively, in midday U.S. trading Thursday. The metals were lifted in part by a more bullish technical picture for both, a lower U.S. dollar index and U.S. Treasury bond yields backing off a bit from this week’s highs," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,781.80 to a high of $1,818.60. They gained 0.5% on Wednesday, they shed 0.9% on Tuesday, and they climbed 1.4% on Monday.

Silver for May delivery rallied 95.5 cents, or 3.6%, to settle at $27.477 an ounce. The settlement was the highest since Feb. 25 when silver closed at $27.685 an ounce. Silver futures traded between $26.24 and $27.59. They dipped 0.1% on Wednesday, they fell 1.5% on Tuesday, and they soared 4.2% on Monday.

In other precious metals prices Thursday:

  • July platinum tacked on $28.80, or 2.3%, to $1,257.60 an ounce, ranging from $1,219 to $1,258.30.

  • Palladium for June delivery fell $25.40, or 0.9%, to $2,947.40 an ounce, trading between $2,899.50 and $2,992. On Monday, palladium ended at a record settlement of $2,981.40 an ounce.

US Mint Bullion Sales in 2021

U.S. Mint bullion sales were unchanged Thursday. 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)
Thursday / This Week Last Week February Sales March Sales April Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 7,500 121,000 55,500 38,500 406,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 9,000 0 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 20,000 0 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 55,000 0 150,000
$50 American Buffalo 1 Oz Gold Coin 0 2,000 16,000 33,500 11,000 122,000
$1 American Eagle 1 Oz Silver Coin 0 0 3,191,500 4,087,000 1,053,000 13,106,500
$100 American Eagle 1 Oz Platinum Coin 0 0 N/A 35,000 0 35,000
Tuskegee Airmen 5 oz Silver Coin 0 0 N/A N/A 50,000 50,000
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Kaiser Wilhelm

This time it was Platinum that tacked on more than Silver is worth. Oh, the humanity.

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Mark D.

Morale of the story: Snails should avoid crawling along the edge of a razor blade.

Kaiser Wilhelm

Platitude dispensed by Army chaplain, c. 1961: “Pain cleanses the soul.”

Mark D.

And bleach cures Covid.

Kaiser Wilhelm

Wait…it doesn’t?