Gold
$1,754.00
-15.00
Silver
$22.71
-0.03
Platinum
$1,001.00
-2.00
Palladium
$1,980.00
-51.00
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Precious Metals Review

Market information and news is critical for precious metal investing. However, many investors have limited time to sort through the massive amounts of market data and gold, silver, platinum and palladium news. The Monex Precious Metals Review consolidates the week's activities in a concise snapshot of the precious metal markets.
Precious Metals Review

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Week of September 17, 2021

Gold
Silver
Platinum
Palladium
Monex Closing Price
$1,751.00
$22.40
$943.00
$2,008.00
Price Direction
down $39.00
down $1.24
down $14.00
down $150
Monex Spot Price Open
$1,790.00
$23.64
$957.00
$2,158.00
Weekly High Price
$1,810.00
$23.93
$968.00
$2,169.00
Weekly High Day
Tuesday
Wednesday
Monday
Monday
Weekly Low Price
$1,746.00
$22.34
$934.00
$1,941.00
Weekly Low Day
Friday
Friday
Thursday
Tuesday
Support
$1,750.00
$22.40
$925.00
$1,960.00
$1,715.00
$21.95
$907.00
$1,921.00
$1,681.00
$21.51
$888.00
$1,882.00
Resistance
$1,778.00
$23.15
$970.00
$2,040.00
$1,814.00
$23.61
$989.00
$2,081.00
$1,850.00
$24.09
$1,009.00
$2,122.00
Gold Vienna Philharmonic Coins

Gold

The Monex AM closing price on Friday was $1,751.00, down $39.00 for the week. Monex spot gold prices opened the week at $1,790.00. . . traded as high as $1,810.00 on Tuesday and as low as $1,746.00 on Friday. Gold support is now anticipated at $1,750.00, then $1,715.00, and then $1,681.00. . . and resistance anticipated at $1,778.00, then $1,814.00, and then $1,850.00.
1.5 oz. Silver Canadian Maple Leaf

Silver

The Monex AM closing price on Friday was $22.40, down $1.24 for the week. Monex spot silver prices opened the week at $23.64. . . traded as high as $23.93 on Wednesday and as low as $22.34 on Friday. Silver support is now anticipated at $22.40, then $21.95, and then $21.51. . . and resistance anticipated at $23.15, then $23.61, and then $24.09.
Platinum American Eagle Coins

Platinum

The Monex AM closing price on Friday was $943.00, down $14.00 for the week. Monex spot platinum prices opened the week at $957.00. . . traded as high as $968.00 on Monday and as low as $934.00 on Thursday. Platinum support is now anticipated at $925.00, then $907.00, and then $888.00. . . and resistance anticipated at $970.00, then $989.00, and then $1,009.00.
Palladium Canadian Maple Leaf Coin

Palladium

The Monex AM closing price on Friday was $2,008.00, down $150 for the week. Monex spot palladium prices opened the week at $2,158.00. . . traded as high as $2,169.00 on Monday and as low as $1,941.00 on Tuesday. Palladium support is now anticipated at $1,960.00, then $1,921.00, and then $1,882.00. . . and resistance anticipated at $2,040.00, then $2,081.00, and then $2,122.00.
A Better Future with Precious Metals

Key Factors Causing Precious Metals Prices To Decline

Sean Brazney & Jeffery Christian | August 24, 2021

Quotes of the Week

Silver Coins Stack
Caitlin Ostroff and Alexander Osipovich
September 15, 2021
wsj.com | 
Stocks Can’t Shake Off Downward Pressure

“Stocks fell on Tuesday, continuing their recent pullback even after fresh data showed that inflation climbed at a slower pace than economists expected in August.

The S&P 500 declined 25.68 points, or 0.6%, to 4443.05. The Dow Jones Industrial Average shed 292.06, or 0.8%, to 34577.57. The technology-heavy Nasdaq Composite fell 67.82, or 0.4%, to 15037.76.

Major U.S. stock indexes rose after the opening bell before turning lower. The market has broadly pulled back this month amid concerns that rising cases of the Delta variant of Covid-19 could weigh on economic activity and that stocks have rallied for too long without a correction. The S&P 500 has now declined in six of the past seven trading sessions.

“I’m hearing more and more calls for a correction in the market,” said Jack Janasiewicz, a portfolio manager at Natixis Investment Managers Solutions.

The Labor Department’s consumer-price index rose a seasonally adjusted 0.3% in August from July—lower than the 0.4% that economists surveyed by The Wall Street Journal expected. The rise is slower than the 0.5% monthly increase in July, and down markedly from June’s 0.9% pace.

Investors have been closely following inflation data for signs of whether the Federal Reserve might begin to scale back its easy-money policies. Tuesday’s inflation reading appeared unlikely to change the Fed’s plans, Mr. Janasiewicz said. Many Fed officials have said in recent public statements that the central bank could begin reducing, or tapering, its monthly purchases of bonds by the end of this year if the economy performs as they anticipate.

“There is this interesting moment we’ve got in markets where Delta is still a concern, but at the same time you’ve got central banks tapering or about to taper,” said Edward Park, chief investment officer at U.K. investment firm Brooks Macdonald. “It is an interesting time for markets, and that is why it is a bit skittish.”

Fed officials have said they expect the current spike in inflation to be temporary, pointing to supply bottlenecks that have arisen in various industries as the economy has reopened from pandemic-driven lockdowns.

But some investors fear inflation could prove to be sticky. August inflation was high by the standards of recent years, with the Labor Department’s main index up 5.3% from a year ago.

“It is hard for us to say, ‘Well folks, all these things are transitory and come January 2022, we expect everything to be back to normal,’” said Carsten Brzeski, ING Groep’s global head of macro research. “Every data point that shows that inflation is more than only transitory, we get closer to tapering.”

The yield on the benchmark 10-year U.S. Treasury note fell sharply on Tuesday’s inflation data, dropping to 1.276% from 1.323% Monday. Yields fall when bond prices rise.

All 11 sectors of the S&P 500 ended the day in negative territory, with energy and financials posting the steepest losses.

Upper QuoteUpper Quote
Silver Coins Stack
editor@efttrends.com
September 14, 2021
Nasdaq.com | 
Gold, Silver, and Copper Could Be Vessels for Green Energy

“Quantum chemists believe that gold, silver, and copper could be promising candidates for hydrogen storage.

This has huge implications for green energy, as hydrogen is incredibly volatile and challenging to store at ambient temperatures. Dr. Cristina Trujillo, a research fellow at Trinity College Dublin’s School of Chemistry, said in an interview with phys.org, "Among the greatest challenges facing humanity is the growing need to stop global warming… For decades now many research groups across the world have put their efforts into this issue. One of the most studied alternatives has been hydrogen as a clean and CO2-free energy source, but it presents multiple problems due to its reactivity, and low density and stability. Our contribution here—made via quantum chemistry techniques—has been to show that gold, silver and copper hydride complexes are very likely to effectively retain hydrogen in a stable manner. We hope that this work will have multiple applications in time to come."

Dr. Trujillo’s team has been examining compound-bonding interactions for years. Her team has been investigating regium bonds, which refer to interactions between copper, silver, and gold nanoparticles and electrons of other materials.

According to Tore Brinck of the KTH Royal Institute of Technology in Stockholm, “Chemists tend to think that bonding and interactions of metals and metal nanoclusters are very different from those of normal molecules. It is important to see the similarities, so that we can use knowledge from traditional chemistry in the design of a better catalyst.”

Precious metals have been in something of a holding pattern of late. They’ve gone up and down quite a bit this summer without much change overall. With the threat of inflation and general market uncertainty in the air, many investors have been anticipating a breakout for gold for months. However, as the world navigates the COVID variants and climate change, it has been hard to for precious metals to gain purchase.

Silver’s environmental applications are already well known, as the metal is key component in 5G towers, solar panels, and EVs. Gold, meanwhile, has had some interesting scientific applications itself. If gold and silver can contribute further to environmentally friendly technology, their long-term prospects will only brighten. Investors have an opportunity to make a run on precious metals while they are in stasis.”

Upper QuoteUpper Quote
This is not a recommendation to buy or sell.
Last Updated September 23,2021 at 08:51 AM

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