Silver declined on Thursday while gold, platinum and palladium registered modest gains. Silver’s loss was its eighth in a row. The precious metal also ended at a more than 11-week low.
Gold for June delivery rose $2.60, or 0.1%, to settle at $1,891.30 an ounce on the Comex division of the New York Mercantile Exchange.
“With the Fed seen hiking interest rate by 50 basis points and possibly 75 basis points in the next two meetings after the May 4, the dollar is going to remain in demand … It’s very difficult to be bullish on gold at the moment,” Reuters quoted Fawad Razaqzada, market analyst at City Index.
Gold futures traded between $1,870.90 and $1,896.20. The declined 0.8% on Wednesday, for their weakest settlement since Feb. 25, they rose 0.4% on Tuesday, and they fell 2% on Monday.
Silver for July delivery fell 32.40 cents, or 1.4%, to settle at $23.181 an ounce. The settlement was the lowest since Feb. 7. Silver futures ranged from $22.94 to $23.46. They slipped 0.4% on Wednesday, they shed 0.5% on Tuesday, and they dropped 2.4% on Monday.
In other precious metals futures prices on Thursday:
-
July platinum inched up 70 cents, or 0.08%, to $911.10 an ounce, trading between $900.50 and $927.30.
- Palladium for June delivery added $15, or 0.7%, to $2,210.10 an ounce, ranging from $2,203 to $2,285.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on 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 | This Week | February | March | April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 39,500 | 19,500 | 86,000 | 140,500 | 80,500 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 2,000 | 0 | 0 | 5,000 | 3,000 | 53,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 8,000 | 0 | 4,000 | 20,000 | 14,000 | 102,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 25,000 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 10,000 | 10,000 | 28,500 | 64,500 | 27,000 | 181,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 408,000 | 17,000 | 1,500,000 | 1,080,500 | 850,000 | 8,431,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 25,800 | 14,200 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
And again, gold goes up, gold goes down. Silver goes up, silver goes down. It’s like a yoyo. I only know, I enjoy my silver and gold coins. The value will be what it is.
Like life, it has its ups and downs. Look at the big picture and follow the long term trends. Oops, you did it again…
I look at it this way, how much silver is in your safety deposit box?
The problem is that no matter how much we talk about it we are addicted to the dollar and fail to use the shiny stuff https://www.youtube.com/watch?v=-0kcet4aPpQ
Unfortunately, I don’t think you have anything to worry about 🙁
Send that man some gold foil chocolates!
Life changes https://www.youtube.com/watch?v=4BgF7Y3q-as
Agreed
Stop the presses! Gold is above $1900 and silver is at $23.10!
Sir Kaiser, Silver was barely holding above $23, but got monkey hammered in the last hour of trading and closed at $22.70 spot.
🙂
Great image – I can feel the joy – everyone’s a winner today
🙂
SENZA, you’re a Pro, Bro
Antonio 2020 was the Golden year for selling that stuff from outer space – right now is the best time to just admire what you have – and that’s another FIRST ON THREAD victory P.S. Turn this S__ Up Loud https://www.youtube.com/watch?v=ApHM1ct4tdM
I’m an old man, I have to turn EVERYTHING Up Loud just to hear it.
I hear that!
Your not alone Antonio, I can’t even hear the voices in my head anymore
It must be nice to have close friends
I have tinnitus, all I hear is ringing.
I have that annoying issue too – I even asked a doctor about it and he dodged the question.
I have read that it’s a major side or after effect of the COVID but have no idea how credible that information is.
I’ve had it for years, long before COVID. I noticed it when I was in the Army but I may have had it before and my service only aggravated it.
Especially for Heavy Metal Maniacs
True Rich,
All those loud nights at the Nudie Bar I was bound to catch something
“I see” said the blind man to the deaf man
🙂
It’s up to you Sir Kaiser and Rich,
One man’s treasure
I had a higher mass this morning. I was sure to flush it down.
Always flush twice –
As Erma Bombeck noted, “The Grass Is Always Greener over the Septic Tank”
I think it’s time to boldly go where https://www.youtube.com/watch?v=l-tAyQAS6JY
For fear of offending anyone, I’m an egalitarian, we’re all No. 1. 🙂
Russia could learn from that.
🙂
Thank you Sir Kaiser,
Meme’s are proof of alternate universes –
if you go to Reddit you can see people (memetards) posting jpg images from 20 years ago and calling them memes and saying they created something new and unique
Don’t tell my wife that, she’ll kill me.
I joined the Strip Club instead – No Regrets