Gold and silver snapped a two-session losing streak Thursday but platinum and palladium declined for a third day in a row.

Gold for December delivery rose $6.50, or 0.4%, to settle at $1,800 an ounce on the Comex division of the New York Mercantile Exchange.

"Technically, gold bulls have the slight overall near-term technical advantage but are fading and need to show more power soon to keep a four-week-old price uptrend alive on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the July high of $1,836.20," said Jim Wyckoff, senior analyst at Kitco Metals.

Gold futures ranged from a low of $1,785.10 to a high of $1,803.40. They shed 0.3% on Wednesday and they gave back 1.9% in their start to the trading week on Tuesday.

Silver for December delivery gained 12.1 cents, or 0.5%, to finish at $24.177 an ounce. Silver futures traded between $23.86 and $24.36. They declined 1.3% on Wednesday and they fell 1.7% on Tuesday.

In other precious metals futures:

  • October platinum dipped $1.60, or 0.2%, to $974.50 an ounce, ranging from $967.30 to $984.60.

  • Palladium for December delivery fell $94.50, or 4.2%, to $2,142.80 an ounce, trading between $2,136 and $2,267.50.

US Mint Bullion Sales in 2021

Published United States 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.

US Mint Bullion Sales (# of coins)
Thursday Last Week June July August This Week / September 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 11,500 158,000 49,500 112,000 9,500 755,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 15,000 10,000 21,000 0 77,000
$10 American Eagle 1/4 Oz Gold Coin 0 28,000 30,000 0 34,000 0 120,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 90,000 40,000 50,000 5,000 335,000
$50 American Buffalo 1 Oz Gold Coin 0 4,500 27,500 14,500 27,500 8,000 243,500
$1 American Eagle 1 Oz Silver Coin 0 750,000 2,800,000 3,104,000 3,930,000 750,000 23,690,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0 52,900

 

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Kaiser Wilhelm

Now the value of silver is being carried out and displayed to three decimal points?

Kaiser Wilhelm

Silver. $24.177 an ounce. What’s next…it being de-listed?

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Last edited 9 days ago by Kaiser Wilhelm
Mammoth

Yes Kaiser, but if you can actually buy PHYSICAL silver at the spot price, please let me know.

Kaiser Wilhelm

Mammoth,

It’s not the absolute price of silver that I find to be the pertinent issue, it’s the price of silver relative to that of the other precious metals regardless of whether in the paper or physical realm.

Last edited 8 days ago by Kaiser Wilhelm