Silver Ends Week and Month Lower, Higher on Year

Silver declined this week after the metal had just broken away from a four-week losing streak following last Friday’s close.

London spot silver closed Friday at $12.15 an ounce, falling 4.9 percent for the week and ending 3.7 percent lower in April. For the year, however, London silver is up 12.6 percent.

In New York trading futures on Friday, silver for July delivery ended at $12.50 an ounce. The most active contract lost 5.1 percent in April.

Here are week changing London precious metal prices:

London Fix Precious Metal Prices
	Gold		Silver	Platinum		Palladium
	AM	PM		AM	PM	AM	PM
4/24/2009	909.00	907.50	12.78	1181	1175	234	233
5/1/2009	881.50	884.50	12.15	1096	1076	212.50	212

 

Dollar and Percent Changes
	Up	Down	% Change	$ Change
Silver		X	-4.9%	-$0.63
Gold		X	-2.5%	-$23.00
Platinum		X	-8.4%	-$99.00
Palladium		X	-9.0%	-$21.00

 

These articles offer week ending precious metals and silver coin news:

• Gold falls on hopes for economic recovery; copper gains – MarketWatch
  Gold futures fell Friday for a second session, extending their weekly loss to nearly 3% as economic recovery hopes reduced gold’s appeal as a safe asset. Copper ended the week up 2.6%…

• Gold Falls, Caps Biggest Weekly Drop in Month, as Equities Gain – Bloomberg
  Gold futures fell, capping the biggest weekly decline in a month, as rising equities reduced demand for the precious metal as an alternative investment. Silver gained…

• May Day May Say…An Agenda at Play – Jon Nadler, Kitco
  Friday’s action in the metals markets was still dominated by sellers. Gold and the rest of the complex yielded in the wake of liquidations engendered by persistent IMF gold sales talk and by rising interest among some investors in other markets…

• Bullion & Business Weekend Report – CoinNews
  Precious metals moved lower this week. London gold lost 2.5 percent, silver fell 4.9 percent, and platinum plummeted 8.4 percent. Crude-oil rallied to its highest close since the end of March, pushing above $53 a barrel…

• US Silver Coin Sales Stats – Silver Coins Today
  Braille Bicentennial Silver Dollar sales skyrocketed and interest in other silver coins remained relatively strong, the latest United States Mint sales statistics reveal. Compared to the last reported Mint figures, Braille Silver Dollar sales surged higher than even the prior impressive jump, rising…

• 2009 Silver Eagle Bullion Coins Scorching Hot – CoinNews
  Sales of 2009 Silver Eagle Bullion Coins are blistering hot, with an incredible record-breaking pace of 9.67 million sold through April, according to the latest US Mint sales stats…

For daily news and prices, visit Spot Silver Prices.