Our Daily
Market Reports

Morning Gold & Silver Market Report – 10/18/2013

EXPECTED TAPERING DELAY BULLISH FOR GOLD; SILVER COULD HIT RECORD HIGHS

Expectations that the U.S. government shutdown will delay the Federal Reserve’s plans for tapering quantitative easing have the Gold price on pace for its biggest weekly gain in two months. Mitsubishi analyst Jonathan Butler explained, “Once the government re-opened and the agenda moved on from the debt crisis to next week's Federal Reserve meeting, that was a trigger for Gold to see some upside.” On the day, Gold and Silver prices are down slightly. Platinum and Palladium prices are slightly higher, with Platinum taking its largest premium over Gold in a month.

CPM Group’s Silver Long-Term Outlook report was released Thursday and showed the Silver price could hit record highs in the next 10 years. The report said that in the long term, the Silver price would be “continuing a secular bull trend that began at the turn of the century.” In the next decade, the report said, “Investors are expected to step up their purchases, backed by expectations for strong capital appreciation amid rising industrial demand for the metal.”

At 9 a.m. (ET), the APMEX Precious Metals prices were:

  • Gold, $1,321.00, Down $4.00.
  • Silver, $22.04, Up $0.07.
  • Platinum, $1,438.50, Up $4.60.
  • Palladium, $740.50, Up $1.70.
APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EDT)! Or call us Fridays until 6 p.m. (EDT)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays:

 
Gold
Silver
Platinum
Palladium
COMEX &
NYMEX Markets
Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
8:20AM-1:05PM
Monday-Friday
8:30AM-1:00PM
CME Globex
World Markets
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM

Disclaimer:
APMEX’s ‘Market Reports’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

Back To Top

Items In Cart


There are no items in the cart.

PLATINUM