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

Our Daily
Market Reports

Closing Gold & Silver Market Report – 5/18/2011

FULL-DAY RALLY HOLDS UP PRICES – It sounds eerily familiar to last month’s story, but gold and silver both saw modest gains today.  Silver led the rally gaining more than $1.50, while gold gained a respectable $16.40.  Inflation fears both here and abroad are bringing investors back to precious metals for their safe haven appeal.  Adding to the rally today was a weaker dollar.  Recently, the dollar has been gaining strength against the basket of six currencies its compared against, luring investors away from gold.

Inflation readings out of the U.K. came in much higher Tuesday than expected, at 4.5%.  Some experts have considered today's rally a delayed reaction to those readings.  On this side of the globe, Lowe’s chief executive, Robert A. Niblock, said, “Rising gas and energy prices are cited by homeowners as the top factor affecting future spending plans, followed by the state of the overall economy and inflation in general.”  Minutes from the April meeting of the Federal reserve were released Wednesday and they show that Fed officials were becoming more concerned about inflation last month and most prefer to raise rock bottom interest rates as their main tool for managing the economy. 

At 4:15 PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,498.10 (up $16.60)
  • Silver price - $35.13 (up $1.55)
  • Platinum price - $1,772.70 (up $10.70)
  • Palladium price - $737.50 (up $19.30)

Silver American Eagles, add them to your portfolio.

« 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.