London Silver Climbs, Ending Week Higher

Silver surged earlier in week and sustained the momentum through to Friday. The metal had moved down during the previous week for the first time in 2009. London Silver Fix closed Friday to $11.46 an ounce, rising 68 cents, or a hefty 6.3 percent from last Friday’s close of $10.78.

The following tables list precious metal prices from Friday PM to Friday PM:

London Fix Precious Metal Prices
	Gold		Silver	Platinum		Palladium
	AM	PM		AM	PM	AM	PM
1/23/2009	873.00	875.75	11.46	929	928	183	183
1/16/2009	824.25	833.75	10.78	935	943	182	185

 

Dollar and Percent Changes Friday PM-Friday PM
1/16-1/23	Gold	Silver	Platinum	Palladium
$ Change	42.00	0.68	-15.00	-2.00
% Change	5.0%	6.3%	-1.6%	-1.1%

 

These articles offer week ending precious metals news:

• Gold soars above $900 on safe-haven demand – MarketWatch, Jan 23
  Gold futures rallied above $900 an ounce Friday to their highest level since early October, as worries about the global economy and markets prompted investors to seek a safe haven.

• Gold Climbs to Three-Week High as Fund Demand Reaches Record – Bloomberg, Jan 23
  Gold advanced to a three-week high in London as investors increased holdings of the metal on concern the global recession will deepen.

• US Mint Silver Coin Sales Stats – Silver Coins Today, Jan 23
  US silver coin sales have increased across the board during the last several days, according to the latest United States Mint sales stats. Not in any dramatic fashion, but noticeable nevertheless.

• Weekend Report: Silver, Gold, Platinum Prices– CoinNews, Jan 24
  Gold, silver and crude enjoyed positive weeks while platinum and U.S. stocks turned lower. London gold finished 5.0 percent higher than last Friday’s close. Silver improved by 6.3 percent while platinum declined 1.6 percent. The Dow lost 2.5 percent, the S&P fell 2.1 percent and the Nasdaq dropped 3.4 percent.