Gold and Silver Log Multi-Month Highs Tuesday, May 18

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In precious metals futures Tuesday, platinum declined while gold, silver and palladium finished modestly higher. Gold and silver registered fresh, multi-month settlement highs.

Gold for June delivery edged up 40 cents, or 0.02%, to settle at $1,868 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Jan. 7 when gold ended at $1,913.60 an ounce.

"Investors know that inflation is going to run hot, and it will remain above the Federal Reserve’s target of 2%," MarketWatch quoted Naeem Aslam, chief market analyst at AvaTrade, in a note. "Higher inflation numbers are going to keep the shine in the gold price, and it is highly likely that we may see the gold price topping the $1,900 mark in the coming days."

Gold futures ranged from a low of $1,863.50 to a high of $1,875.90. They gained 1.6% on Monday.

Silver for May delivery added 5.9 cents, or 0.2%, to settle at $28.333 an ounce. The close was the highest since Feb. 1 when silver ended at $29.418 an ounce. Silver futures traded between $28.12 and $28.90. They soared 3.3% on Monday.

In other precious metals futures Tuesday:

  • July platinum declined $19.20, or 1.5%, to $1,225.30 an ounce, ranging from $1,215.10 to $1,252.80.

  • Palladium for June delivery rose $7.20, or 0.3%, to $2,903.10 an ounce, trading between $2,893.50 and $2,941.

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 / 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
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Charlie

The answer I recieved on the 2 coin silver and 2 coin gold Designer Series sets coming later this year was 1 type 1 coin and 1 type 2 coin. Understandable. However, Series implies a continuation of these sets. So that means the 2022 Designer Series sets will also include a type 1 and type 2 coin. I suppose that means the type 1s will continue to be made every year meaning Mercantis reverse is not going to end in 2021. ?????

Kaiser Wilhelm

You’re probably correct, Charlie, in supposing that “Series” does imply a continuation of that particular sales format, but I’m not convinced that this also means a conclusion can necessarily be drawn as to which coins each of these future Designer Sets will contain.

Last edited 2 months ago by Kaiser Wilhelm
Seth Riesling

The U.S. Mint has stated that the current reverse designs (since 1986) on the ASE $1 coin & the AGE coins will end this year & be replaced with the new reverse designs. No more of the “old” ones next year or ever.

NumisdudeTX

Seth Riesling

What’s up with the Mint not selling a single billion version coin yet this month of May to the APs?

NumisdudeTX

Kaiser Wilhelm

You momentarily had me in a gray matter version of lockjaw with this question. It was only when I realized that “billion” meant “bullion” that I rediscovered synaptic mobility.

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Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

Perhaps it’s that the Mint is experiencing some sort of a reporting lag. Just thinking.