Silver marked another two-and-a-half-month high Tuesday while gold, platinum and palladium declined. Gold’s loss was its first in five sessions following a three-month settlement high.
Gold for June delivery shed $1.50, or 0.08%, to settle at $1,836.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures bulls have the firm overall near-term technical advantage. A six-week-old price uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,881.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,775.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,824.90 to a high of $1,842.50. They rose 0.3% on Monday, for their highest settlement since Feb. 10.
Silver for May delivery tacked on 17.5 cents, or 0.6%, to settle at $27.667 an ounce. The close was the highest since Feb. 25 when silver finished at $27.685 an ounce. Silver futures traded between $27.18 and $27.70.
In other precious metals futures Tuesday:
July platinum fell $24.30, or 1.9%, to $1,241.20 an ounce, ranging from $1,216 to $1,256.10.
- Palladium for June delivery lost $42, or 1.4%, to $2,926.20 an ounce, trading between $2,910.50 and $2,986.50. A week ago Monday, May 3, palladium scored a record settlement of $2,981.40 an ounce.
US Mint Bullion Sales in 2021
The United States Mint has yet to report any bullion sales for May. 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 / Week / May||Last Week||February Sales||March Sales||April Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||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||0||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|