NEW YORK ( TheStreet) -- Looking at the gold price over the full 24-hour Thursday trading session, almost all the losses were in by the London open---and the low price tick came at precisely 8:30 a.m. EDT. After a few bumps it traded sideways at the London open price for most of the remainder of the day, but it did crawl a couple of bucks higher into the close of electronic trading at 5:15 p.m. EDT. The high and low ticks are barely worth the effort to look up. The CME Group reported them as $1,192.00 and $1,177.90 in the July contract. Gold finished the Thursday session at $1,184.20 spot, down $7.00 on the day. Net volume was pretty light at 99,000 contracts. Silver also got sold off in Far East trading, with the low tick of the day coming a minute or so before 9 a.m. in London. There was a rally of sorts between 9 and 9:30 a.m. EDT, but that got handled in the usual way by all the usual suspects. From 10:30 a.m. it traded pretty flat into the close. The high and low ticks in this precious metal were reported as $16.55 and $16.16 spot in the July contract. Silver closed on Thursday in New York at $16.295 spot, down another 19 cents from Wednesday's close. Net volume was pretty decent at 33,000 contracts. Platinum got sold down in a stair-step manner starting about two hours after Hong Kong trading began on their Thursday---and kept chopping lower until its low tick, which came around 11:30 a.m. in New York. After that, it didn't do much---closing at $1,130 spot, down $14 bucks on the day. Palladium was chopping sideways minding its own business until the 8:20 a.m. EDT COMEX open, with most of the selling/spoofing downside price pressure after that occurring during the final hour of COMEX trading, with the metal closing virtually on its low of the day. Platinum closed yesterday at $778 spot, down 12 dollars. The dollar index closed late on Wednesday afternoon in New York at 94.16. It rallied for a bit, before chopping lower. The 93.90 low tick came minutes before 11 a.m. in London---and away it went to the upside. The 94.78 high tick came about ten minutes after the London p.m. gold fix---and it gave back some of those gains by noon EDT before chopping sideways into the close. The index finished the Thursday session at 94.62---up 46 basis points from Wednesday's close. The gold stocks gapped down at the open, hitting their lows at 10:45 a.m. EDT. before beginning the slow march back towards unchanged. The rally really developed some legs starting just before 3 p.m.---and they popped into the green in the last few minutes of trading as the HUI closed up 0.34 percent. It was more or less the same chart pattern in the silver equities, except they hit their lows an hour earlier---and Nick Laird's Intraday Silver Sentiment Index closed up 0.50 percent. And, for what it's worth, for the second day in a row the day-ending rally in silver equities began at 3 p.m. EDT. I suspect a buy program of sorts. If you want a reason at to why precious metal equities closed up on Thursday, but down on Wednesday in the same falling price environment, you won't get any answers from me, because I simply don't know. All I can say is the counterintuitive price action in these stocks is one of their hallmarks---and as John Embry said over a decade ago, he thinks the precious metal shares are as rigged as the metal themselves. I agree totally. The CME Daily Delivery Report showed that zero gold and 70 silver contracts were posted for delivery within the COMEX-approved depositories on Monday. R.J. O'Brien issued 40---and Credit Suisse issued 30. The stoppers were JPMorgan with 24 for its clients and 23 contracts for itself. HSBC USA stopped 20 contracts. The link to yesterday's Issuers and Stoppers Report is here. The CME Preliminary Report for the Thursday trading session showed that May gold o.i. dropped by 3 contracts down 193 left---and silver's open interest declined by 30 contracts to 746 remaining. There was a withdrawal from GLD yesterday, as an authorized participant took out 86,330 troy ounces. And must to my absolute amazement, there was another huge withdrawal from SLV. This time it was an eye-watering 2,867,874 troy ounces! That's 8.0 million troy ounces that have vanished from SLV since April 27---with 5.0 million of that coming in the last forty-eight hours. I would bet that JPMorgan owns all of it. Since yesterday was Thursday, Joshua Gibbons, the Guru of the SLV Bar List updated his website with the internal goings-on at the iShares.com Internet site at the close of trading on Wednesday. Here's his report. Analysis of the 06 May 2015 bar list, and comparison to the previous week's list: 4,150,956.0 troy ounces were removed (all from Brinks London), no bars were added or had serial number changes. The bars removed were from: Noranda (1.2M oz), Degussa (0.9M oz), Handy Harman (0.7M oz), Australian Gold Refineries (0.6M oz), and 19 others. Overallocation cannot be determined this week, as only about half of Wednesday's withdrawal has been accounted for---and the rest should be on next week's list. As of the time that the bar list was produced, it was overallocated 361.3 oz. There was a smallish sales report from the U.S. Mint. They sold 1,000 gold eagles---and 50,000 silver eagles. There was huge activity in gold at the COMEX-approved depositories on Wednesday. They reported receiving 116,568 troy ounces---and shipped out 123,939 troy ounces. The link to that action is here. The only activity in silver was a withdrawal of 437,259 troy ounces and, for a change, it was shipped out of JPMorgan's vault. The link to that activity is here. Over at the COMEX-approved gold kilobar depositories in Hong Kong, there were 1,730 received---and 6,350 kilobars were shipped out. It was all at the Brink's Inc. depository as usual. The link to that action in troy ounces is here. Thankfully for both us, I don't have all that many stories for you today---and I hope there are a few that strike your fancy.
This is an abbreviated version of Silver's Top 10s: Countries, Companies and Mines—Lawrence Williams, from Ed Steer's Gold & Silver Daily.Sign-up to have to the complete market review delivered to your email inbox each morning for free.