Silver Advances 1.89% for the Week

Silver regained its foothold, but failed to rise above the $14 an ounce it had attained from Feb. 18 to Feb. 24. London silver ended higher on the week, rising 25 cents, or 1.89 percent, to end at $13.46 an ounce.

New York silver began its upward trending move Tuesday. For the week, silver for March delivery climbed 23.8 cents, or 1.82%, to close at $13.323 an ounce.

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
2/27/2009	943.75	952.00	13.21	1054	1059	196	195
3/6/2009	937.75	936.00	13.46	1075	1071	202	202.5

 

Dollar and Percent Changes Friday PM-Friday PM
2/27-3/6	Gold	Silver	Platinum	Palladium
$ Change	$ (16.00)	$ 0.25	$ 12.00	$ 7.50
% Change	-1.68%	1.89%	1.13%	3.85%

 

These articles offer week ending precious metals news:

• Gold tops $940 as jobless data fuel safety buying – MarketWatch
  Gold futures rose Friday above $940 an ounce as investors sought safety in the metal after data showed the U.S. February unemployment rate soared to the highest level in more than 25 years.

• Gold Futures Rise for Second Day on Haven Demand; Silver Gains – Bloomberg
  Gold futures rose for the second straight day on demand for the precious metal as an alternative to stocks and government bonds. Silver also gained.

• Noble Musings – Jon Nadler, Kitco
  Friday’s markets offered a wide variety of assets moving in many different directions at once. A quick survey shows oil up, the dollar down, the Dow down copper, zinc, and lead down, silver up, platinum up, palladium up

• Weekend Report: Silver, Gold, Platinum and Stock Prices – CoinNews
  Gold was hit with several days of consecutive losses — eight in New York — until the yellow metal finally turned positive on Thursday. For the week, the London gold fixing finished lower, falling 1.7 percent. However, silver gained 1.9 percent and platinum rose 1.1 percent.