Silver Ends Week with 48-cent Gain

It was a positive week for precious metals. London silver ended higher for the fourth consecutive week, closing to $13.37 an ounce. The metal climbed 48 cents for a 3.7 percent rise over last’s Friday’s close of $12.89.

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
2/13/2009	939.25	935.50	13.37	1063	1055	215	213
2/6/2009	914.00	913.00	12.89	982	989	202.00	208.00

 

Dollar and Percent Changes Friday PM-Friday PM
2/6-2/13	Gold	Silver	Platinum	Palladium
$ Change	22.50	0.48	66.00	5.00
% Change	2.5%	3.7%	6.7%	2.4%

 

These articles offer week ending precious metals news:

• Gold falls first day in four, ends week 3% higher – MarketWatch
  Gold futures fell Friday for the first session in four, dropping from a seven-month high to about $942 an ounce as investors took advantage of the prior sessions’ gains and moved into other assets such as oil.

• Gold Falls as Demand Ebbs After Rally Tops $950; Platinum Drops – Bloomberg
  Gold prices fell as demand for the precious metal eased after a three-day rally to the highest since July. Platinum also declined.

• Weekend Report: Silver, Gold, Platinum and Stock Prices – CoinNews
  Precious metals bounced higher on the week while oil moved markedly lower despite an exceptionally strong Friday. U.S. stocks closed lower and European stocks were split. For the week, the London gold fixing gained 2.5 percent, silver rose 3.7 percent and platinum jumped 6.7 percent. The Dow lost 5.2 percent, the S&P declined 4.8 percent and the Nasdaq fell 3.6 percent.