Silver Declines 2.6% for Week

March 14, 2009 by · Leave a Comment 

London silver gave up last week’s gains to end this week at $13.11 an ounce, which was down 35 cents, or 2.6 percent. Silver did move higher Thursday and Friday along with other precious metals.

New York silver for March delivery ended the week lower as well, declining 14.3 cents or 1.07 percent to $13.18 an ounce. It closed last Friday 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
3/6/2009
937.75
936.00
13.46
1075
1071
202
202.5
3/13/2009
920.00
928.00
13.11
1050
1048
197
198

Dollar and Percent Changes

Friday PM-Friday PM
3/6-3/13
Gold
Silver
Platinum
Palladium
$ Change
$(8.00)
$(0.35)
$(23.00)
$(4.50)
% Change
-0.85%
-2.60%
-2.15%
-2.22%

 

These articles offer week ending precious metals news:

  • Gold rises above $930 as ETF holdings hit new high – MarketWatch
    Gold futures rose Friday for a third straight session to end above $930 an ounce, as investors took cues from strong demand for gold exchange-traded funds, which has pushed holdings in the biggest gold ETF to the sixth largest in the world…
  • I Love The Smell of Fear in the Morning – Jon Nadler, Kitco
    Gold prices tried for, and enjoyed a continued rally for most of the final session of the week, reaching highs of near $940 per ounce. At the end of the day (literally) however, the metal was unable to remain at those levels, or try to knock down the $950 barrier…

  • Weekend Report: Silver, Gold, Platinum and Stock Prices – CoinNews
    After dipping earlier in the week, gold turned upward to regain some positive footing. For the week, the London gold fixing still finished lower, however, falling 0.9 percent. Silver lost 2.6 percent and platinum declined 2.1 percent.


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