Mid-Day Gold & Silver Market Report – 1/25/2013


The commerce department today said that home sales dropped 7.3 percent last month, a number below analysts forecasts. This number may be taken with a grain of salt because this government data is subject to revision. Case in point, November 2012’s numbers have been adjusted up making it the best month since November 2010. Economists think home building added to economic growth in 2012.

In a turn for the Silver price, Mark Thomas, author of email-alert service provider SilverPriceAdvisor.com, said, “Investment demand, not industrial demand, is what drives Silver prices right now.” He continues on to say, “World investment demand is starting to really pick up.” In China, retail investment demand is forecast to grow. Due to the higher price point of Gold, Silver is becoming a more popular investment metal. Some traders see that fact that the U.S. mint sold out of Silver American Eagles earlier this month as a good sign.

At 1:20 p.m. (EST), the APMEX Precious Metals spot prices were:

  • Gold, $1,660.20, Down $11.70.
  • Silver, $31.24, Down $0.52.
  • Platinum, $1,694.00, Up $10.20.
  • Palladium, $742.00, Up $14.30.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EST)! Or call us Fridays until 6 p.m. (EST)! 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.

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APMEX’s ‘News and Commentaries’ 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.

US Dollar Prices are in USD

Precious Metal Prices
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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