hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Morning Gold & Silver Market Report – 2/22/2013


Gold and Silver prices gave up early gains this morning ahead of today’s panel discussion with Federal Reserve officials set for 10:15 a.m. It is expected that the discussion will focus on how the dissent between politicians over fiscal policy is keeping the Fed from getting the economy on more solid footing. Minutes from the latest Fed meeting revealed some disagreement between Fed officials over the exit strategy for the latest round of quantitative easing (QE3). In the past, monetary stimulus measures have been bullish for Precious Metals prices.

Though the Silver price has fallen approximately 9 percent in February, analysts are not turning their backs on the metal. One analyst explained that China’s Lunar New Year celebrations last week came at an inopportune time, leaving the Silver price open to the volatility of technical trading, but he expects a snapback that will be just as surprising as this month’s dip. The Silver Institute said in a report that China’s investment demand for Silver will grow robustly as access to the metal improves. Gijsbert Groenewegen of Silver Arrow Capital Management added, “The Chinese have to hedge themselves against the continuous debasement [of their U.S. dollar reserves and] the opposite of the U.S. dollar is Gold and Silver.” Paul Mladjenovic, author of Precious Metals Investing for Dummies, said, “[The] massive shorting in the futures market is warping supply and demand and at some point, the shorting will fail and Silver will have a spectacular rise.”

At 9:22 a.m. (EST), the APMEX Precious Metals spot prices were:

  • Gold, $1,574.50, Down $5.60.
  • Silver, $28.62, Down $0.15.
  • Platinum, $1,610.90, Down $10.10.
  • Palladium, $732.60, Down $2.00.

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.

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

NYMEX Markets
8:20 a.m.-1:30 p.m. (ET)
8:25 a.m.-1:25 p.m. (ET)
8:20 a.m.-1:05 p.m. (ET)
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)

APMEX 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. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.


There are no items in the cart.