Gold, Silver and Palladium Rise in Week’s Start

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Platinum declined on Monday while gold, silver and palladium gained. Gold’s increase follows two straight session losses and a 14-week settlement low.

Gold for June delivery edged up $5.80 or 0.3%, to settle at $1,814 an ounce on the Comex division of the New York Mercantile Exchange.

"All things considered, gold is holding up, it should be significantly lower… it will find support slightly below the $1,800 level. Also, there is enormous demand for physical gold and silver," Reuters quoted RJO Futures senior market strategist Bob Haberkorn.

Gold futures traded between $1,785 and $1,817.10. They fell 4% last week, ending Friday at their lowest point since Feb. 4.

Silver for July delivery surged 55 cents, or 2.6%, to end at $21.551 an ounce. Silver futures ranged from $20.83 to $21.59. They sank 6.1% last week.

In other precious metals futures on Monday:

  • July platinum shed $5.40, or 0.6%, to $925.30 an ounce, trading between $916.80 and $940.80.

  • Palladium for June delivery jumped $84.90, or 4.4%, to $2,002.60 an ounce, ranging from $1,888 to $2,016.

Last week, platinum fell 2.7% and palladium dropped 5.2%.

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 0 140,500 80,500 36,000 466,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 5,000 3,000 1,000 54,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 20,000 14,000 4,000 106,000
$5 American Eagle 1/10 Oz Gold Coin 0 50,000 75,000 25,000 50,000 370,000
$50 American Buffalo 1 Oz Gold Coin 0 0 64,500 27,500 16,500 198,500
$1 American Eagle 1 Oz Silver Coin 0 0 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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Rich

Nice to see Silver and Gold make some decent, honest gains today to start the week.

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SENZA

It’s simply – Madness how the shiny stuff capitulates and consolidates like the changing of the First on Thread = Congrats Rich

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Rich

Thanks, Big SENZA

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Antonio

At least your dog didn’t step on a bee.

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SENZA

It’s scary how Hollywood can make her look like she’s not a crazy man-hating Alien from Pluto

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SENZA

American Innovation 2022 $1 Coin Proof Set Coming Soon
$24.00

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SENZA

American Eagle 2022 One-Tenth Ounce Gold Proof Coin
Appears to be sold out now – I didn’t get one this time – there is little demand in the secondary market at this time aside from a few bottom dwellers looking for desperate sellers to sell at a loss

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Larry

I’ll bet Mike Mezack claims they sold out instantly. I’ve heard him state the Morgan’s and Peace Dollars sold out in a couple minutes. It’s a wonder I was able to buy any.

SENZA

It looks like the Silver Raid failed again

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Major D

I’ve seen a lot of discussion in past threads about the amount over spot the Mint places on the prices of their silver coins. For those wanting closer to spot, I’m amazed at the deals that can be had on eBay with older commemorative dollars at auction. Obviously, there is variability as to whether its proof or BU, whether it comes with OGP and COA, and its quality and mintage– but I’ve been able to purchase many great looking coins with OGP/COA at between $25-$30. Silver commemorative dollars before 2018 are 0.7736 troy oz of silver, so $25-$30 equates to… Read more »