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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Mammoth

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