When the Dollar is no Longer the World’s Reserve Currency

Silver Price Analysis: XAG/USD set to refresh yearly low, $25.00 tests the bears

Silver prices remain heavy near late January lows, currently down 0.23% around $25.30, during Friday’s Asian session. The white metal dropped the fresh bottom in multiple days after breaking an ascending trend line from November 30 the previous day.

The bearish bias also gains support from the metal’s failure to recover from recent lows while staying below 100-day SMA amid bearish MACD.

Hence, silver sellers are en route 200-day SMA level of $24.15. Though, 61.8% Fibonacci retracement of November 2020 to February 2021 upside, at $25.00, offers immediate support to the quote.

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1910-D Saint Gaudens Double Eagle NGC MS67

1 of Just 2 So-Graded

The Denver Mint coined a substantial number of double eagles in its fifth year of operation, 429,000 according to Mint records, and surviving specimens are plentiful in all grades through MS65 and somewhat available at the MS66 level. However, finer pieces are rare. There are no reports of hoards in the literature, although repatriated European and South American exports undoubtedly account for most Mint State pieces known today. The NGC population is just 2 with none higher. 

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

Offered at $59,100 delivered

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

Silver falls to fresh five-week low as precious metals stay pressured

Silver down over 1% to the lows of $25.63 on the day

he drag in gold is also inadvertently having a negative pull on the likes of silver and platinum lately and we are seeing more of that today as well with silver having fallen to its lowest levels since 28 January below $26.
The drop pushes silver towards a test of key trendline support @ $25.65 and also brings into focus the 100-day moving average (red line) @ $25.43.
Those will be key lines in the sand for silver buyers to hang on to in order to keep the upside momentum running, after having seen year-to-date gains erased this week after having jumped to $30 at the start of February.
The dollar’s resilience so far today is also part of the story but precious metals haven’t really been getting much love – especially gold – as of late.
Silver ETFs may not have declined as drastically as gold but they have eased off since peaking in early February amid the surge in demand and retail trading frenzy at the time.

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UPDATE 2-Platinum, palladium and rhodium in short supply –Johnson Matthey

 LONDON, Feb 10 (Reuters) - Platinum, palladium and rhodium
used by the auto industry to filter emissions from engine
exhausts were all in short supply last year, data from
specialist materials firm Johnson Matthey showed on
Wednesday, as prices for the metals soared.
    Supply shortfalls have driven rapid price gains, with    
platinum trading at six-year highs and rhodium RHOD-LON
and palladium close to record levels. 
    A shortfall is expected for palladium and rhodium this year
as well, the third consecutive annual deficit for rhodium and
the tenth for palladium, Johnson Matthey researcher Rupen
Raithatha said. 
    Platinum may see a third consecutive annual deficit in 2021,
depending on how much metal is stockpiled by investors, he said.
    All three metals are used in catalytic converters to reduce
harmful emissions, and tightening environmental regulation is
forcing auto makers to put more into each vehicle. Platinum is
also in demand by other industies, for jewellery and as an
investment. 
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1870 Pattern Half Dollar PCGS PR65+ RB

Judd-993, Pollock-1123, High R.7. The obverse and reverse dies are both the designs for regular-issue half dollars of 1870. Struck in copper with a reeded edge. Although these could be considered die trials for a regular issue, there is little doubt that, given the plethora of different die designs and combinations, plain and reeded edges, strikes in copper, aluminum, and silver — a cornucopia of variations — that these patterns were offered in sets to collectors or their providers. This is the sole highest graded PCGS example.

Offered at $13,500 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

New applications for platinum as a catalyst – a use discovered over two centuries ago – are still being discovered

In the early decades of the nineteenth century scientist Sir Humphry Davy stumbled upon the phenomenon of heterogeneous catalytic oxidation when working on the development of the first-ever miner’s safety lamp. By inserting a platinum wire near the ignited wick of the lamp, Davy found it would catalyse the continued oxidation of coal gas.

This important discovery was the precursor to the use of platinum as an industrial catalyst in a process that has been around for over one hundred years – and which remains vital today; the production of nitric acid. 

Nitric acid is a major feedstock for fertiliser and during its manufacturing process, oxidation of ammonia gas with air occurs to form nitric oxide. In order to achieve a high conversion efficiency, this is carried out at pressure over a platinum-rhodium catalyst. 

Today, new applications for platinum catalysts continue to be found. Tanaka, the leading Japanese precious metals business, has recently won a Technology Award from the Catalyst Manufacturers Association, Japan, in recognition of its involvement in the development of a ‘hydrophobic’ platinum-based catalyst that prevents moisture build-up and enables a catalytic reaction to be maintained, even at ambient temperatures. 

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Gold Slides to 9-month Low as Rising Bond Yields, Dollar Dim Appeal

Gold slid as much as 2% to its lowest in nearly nine months on Wednesday as elevated U.S. Treasury yields and a stronger dollar hammered the metal’s appeal.

Spot gold was down 1.2% at $1,718.09 per ounce by 11:56 a.m. ET (1656 GMT), after falling to its lowest since June 2020 at $1,701.40 earlier in the session. U.S. gold futures lost 0.9% to $1,718.80.

”As real rates continue to rise, that’s challenging gold. The rates markets are also adding pressure on valuations for all asset classes, and as a result, gold is a casualty,” said TD Securities commodity strategist Daniel Ghali.

Benchmark U.S. 10-year Treasury yields crept back towards a one-year peak reached last week, while the dollar rose.

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Silver Consumption in Global Automotive Sector to Approach 90 Million Ounces By 2025; Should Challenge Silver Usage in Photovoltaic Industry

With modern cars using more silver than ever in their
advanced technology components, the worldwide
automotive sector could need nearly 90 million ounces
(Moz) annually of the metal by 2025, according to a
recently-published report by the Silver Institute.
In four years, silver consumption in the automotive
sector should rival that of the photovoltaic industry,
forecast to reach 98 Moz in 2025, and currently the
largest application of global industrial silver demand,
according to the report Silver’s Growing Role in the
Automotive Industry, produced on behalf of the Silver
Institute by Metals Focus, an independent precious metals
consultancy.
The report, part of the Silver Institute’s series of Market
Trend Reports, examines trends in automotive production,
including the growth and evolution of hybrid and battery
electric vehicles. It also addresses transportation policies
that favor vehicle electrification in some of the world’s
most important vehicle markets.

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Certified MS65 $20 Saint Gaudens Special

We are offering up to 50 PCGS/NGC MS65 $20 Saint Gaudens at just $2,470 per coin. This is a $25 discount off the current price sheet pricing. Buy 25 or more coins at just $2,455 per coin.

Minimum order is just 5 coins. Call or email to confirm

Offered at $2,475 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1871-S Liberty Double Eagle NGC MS63

Positively Pleasing

The San Francisco Mint was the premier agency producing double eagles throughout the Type Two design from 1866 to 1876. In 1871, the California facility struck 928,000 double eagles, and more than 3,000 of those coins have been graded by NGC and PCGS. Of that population, less than one-tenth have earned a Mint State designation, and almost all such coins are heavily abraded; pieces grading finer than MS62 are extremely rare, as evidenced by the NGC population of 7 with 1 higher. In hand, this coin’s color is more yellow-gold, as opposed to the reddish-gold seen in our images.

Offered at $20,250 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.