On Tuesday, they ended at their worst price since June 26, 2020. They lost 0.9% on Tuesday, marking their lowest finish since July 7, 2020, and they declined 0.5% on Monday. Silver futures ranged from $18.79 to $19.36. Silver for September delivery tacked on 23.6 cents, or 1.2%, to close at $19.194 an ounce. They fell 0.4% on Tuesday, registering their lowest close since Sept. The Labor Department reported Wednesday that consumer prices rose 1.3% in June from 1% in May, resulting in an annual inflation rate of 9.1% which is near a 41-year high. However, the gold and silver prices reversed course later in the morning when futures market bears decided to take some profits and did some short covering,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note. inflation report that ran the hottest in 41 years, suggesting the Federal Reserve will keep its aggressive stance on tightening U.S. "Gold hit an 11-month low early on today, following a U.S. Gold for August delivery rose $10.70, or 0.6%, to settle at $1,735.50 an ounce on the Comex division of the New York Mercantile Exchange. In precious metals trading Wednesday, gold, silver and platinum gained following two losses while palladium declined for a second session.
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