Gold and Silver Prices Fall to Three-Week Lows


Gold, silver and platinum fell together for a fourth straight session on Thursday, while palladium broke its trend and climbed for the first time since last Thursday. Both gold and silver ended at just over three-week lows.

Gold for December delivery settled down $5.50, or 0.3%, to $1,771.20 an ounce on the Comex division of the New York Mercantile Exchange. The close was the lowest since July 28.

"Gold and silver prices are modestly lower in midday U.S. trading Thursday, pressured by solid gains in the U.S. dollar index today. Losses in the metals are limited by gains in the crude oil market today," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,768.80 and $1,786.30. They declined 0.7% on Wednesday, they shed 0.5% on Tuesday, and they fell 1% on Monday.

Silver for September delivery turned down 26.7 cents, or 1.4%, to settle at $19.464 an ounce. The settlement remained silver’s weakest since July 27. Silver futures ranged from $19.41 to $19.89. They lost 1.8% on Wednesday, they gave back 0.9% on Tuesday, and they dropped 2.1% on Monday.

In other precious metals futures prices on Thursday:

  • October platinum declined $14.40, or 1.6%, to $904.90 an ounce, trading between $903.20 and $928.70.

  • Palladium for September delivery rose $12.70, or 0.6%, to $2,149.40 an ounce, ranging from $2,129 and $2,185.

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 May June July August 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 21,000 6,000 164,500 31,000 59,500 27,000 712,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 7,000 6,000 5,000 1,000 72,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 8,000 18,000 2,000 2,000 132,000
$5 American Eagle 1/10 Oz Gold Coin 0 15,000 0 50,000 135,000 20,000 15,000 540,000
$50 American Buffalo 1 Oz Gold Coin 0 6,500 4,500 56,000 21,500 39,500 11,000 310,000
$1 American Eagle 1 Oz Silver Coin 0 408,000 17,000 1,350,000 925,000 850,000 425,000 11,981,500
$100 American Eagle 1 Oz Platinum Coin 0 1,000 0 0 23,500 15,500 1,000 80,000
Notify of

Inline Feedbacks
View all comments
Kaiser Wilhelm

In summary: Gold, Silver and Platinum fell. Palladium rose. Unobtainium unchanged. Insanium nowhere to be found. All Quiet On The Investment Front.


They’ll bounce back up. As for the others, ugh….


Insanium is everywhere to be found, it’s Sanium that’s hard to find. Now, if we can get some Obtainium, that’ll be a good deal!

Kaiser Wilhelm


You’ve gone and done it now…you’ve given me yet more “me precious” metals to feel the obsessive need to sorta/kinda keep track of. Sanium, for one, is so rare it hasn’t been seen in this country of ours for ages; in fact, if you come across any of it, I’ll trade you Stupidon at two or three to one for it. Obtainium goes straight to the tertiary market, as even the secondary resellers can’t afford it these days.