Gold and Silver Post Multi-Month Lows

22

Palladium advanced on Monday while gold, silver and platinum declined. Silver logged a more than four-month low. Gold settled near 3-month low.

Gold for June delivery fell $24.20, or 1.3%, to settle at $1,858.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Feb. 15 when gold ended at $1,856.20 an ounce.

"Rising bond yields are once again hitting the precious metals. Sharply lower crude oil prices today are also a negative for the metals markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from $1,854.80 to $1,885.60. They fell 1.5% last week.

Silver for July delivery lost 54.7 cents, or 2.5%, to close at $21.82 an ounce. The settlement was silver’s lowest since it ended Jan. 6 at $22.19 an ounce. Silver futures traded between $21.66 and $22.40. They dropped 3.1% last week.

In other precious metals futures prices on Monday:

  • July platinum gave back $17.50, or 1.8%, to $938.50 an ounce, ranging from $912.90 to $949.80.

  • Palladium for June delivery rose $38.30, or 1.9%, to $2,061.50 an ounce, trading between $1,987 and $2,125.

Last week, platinum rose 1.8% while palladium sank 12.3%.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Monday. 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)
Monday Last Week March April May 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 36,000 140,500 80,500 36,000 466,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 5,000 3,000 1,000 54,000
$10 American Eagle 1/4 Oz Gold Coin 0 4,000 20,000 14,000 4,000 106,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 75,000 25,000 0 320,000
$50 American Buffalo 1 Oz Gold Coin 0 16,500 64,500 27,500 16,500 198,500
$1 American Eagle 1 Oz Silver Coin 0 425,000 1,080,500 850,000 425,000 8,856,500
$100 American Eagle 1 Oz Platinum Coin 0 0 14,200 0 0 40,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0

 

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Antonio

Goin’ down! My poor preciouses.

Rich

Silver and gold were beaten with ugly sticks

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Antonio

It’ll improve, then go down, then go back up again. It’s like “follow the bouncing ball”.

SENZA

Down She Goes

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Rich

Look out below!

SENZA
Rich

As Sir Kaiser would say, “Oh the humanity…”

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Antonio

It went up in smoke.

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SENZA

How will Humanity survive without Hot Pockets

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Antonio

The crime of the century! This guy needs to get out more.

Rich

Oh the Bovinity!

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SENZA

Yikes

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Antonio

Oh the cowabunga!

SENZA

That’s a good one Antonio, your on a Hot Streak

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SENZA

Now that’s one ugly stick

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SENZA

Where is Sir Kaiser? We have a Situation

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Rich

He earlier mentioned something about deez alien abductions?

SENZA

It’s a Celebration – I love major awards especially if they are from

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Antonio

Love ugly sweaters

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SENZA

Cowabugly

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Antonio

Where’s Rambo when you need him?

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SENZA

Before
After

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