![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_2a.gif)
Silver Prices Rise 2% for the Week, Eagle Coins Up 1.1M
July 10, 2010 by Silver Coins Today · Leave a Comment
U.S. weekly silver prices advanced 2.0% after tumbling 7.4% during the prior week and registering their biggest fall since February 5.
New York silver futures moved narrowly through the holiday-shortened week. 0.8% increases were posted on Tuesday and Wednesday, followed by a loss of 0.7% on Thursday.
Silver for September delivery closed to its highest point of $18.073 an ounce on Friday, rising 20.1 cents or 1.3% for the day and marking a weekly gain of 35.4 cents. Its weekly intraday high was also on Friday, at $18.235.
"While the gold market seems to be fostering talk of bargain-hunting buying on dips, the silver market hasn’t seen much chatter on that subject," noted Neil Sloan via StockMarketsReview.com on Thursday. "The silver market still looks to be marching to the physical commodity market drummer." added Sloan.
Based on New York futures closing prices, the current gold to silver ratio retreated to 66.9 to 1, as compared to last week when 1 ounce of gold could buy 68.2 ounces of silver.
The London silver fix ended at $17.870 an ounce, falling 11 cents or 0.6% for the week. Its highest price was on Thursday at $18.00 an ounce.
In silver coin news, United States Mint American Silver Eagle bullion coins reached 3,001,000 last month, ending with 18,168,500 during the first half of 2010. For more information on June sales, read the SilverCoinsToday.com article 2010 Silver Eagle Coins Mark June Record.
July Silver Eagle sales through to the 10th are already at 1,101,000, marking a year to date total of 19,269,500.
Precious metal weekly prices follow from New York and London:
|
New York Futures Precious Metal Prices |
||||
|
August
Gold |
September
Silver |
October
Platinum |
September
Palladium |
|
| 7/2/2010 | 1207.70 | 17.719 | 1503.60 | 426.90 |
| 7/9/2010 | 1209.80 | 18.073 | 1533.20 | 456.95 |
|
New York Futures Weekly Changes |
||||
|
Up
|
Down
|
% Change
|
Gain/Loss
|
|
| Silver | X |
2.0%
|
$0.35
|
|
| Gold | X |
0.2%
|
$2.10
|
|
| Platinum | X |
2.0%
|
$29.60
|
|
| Palladium | X |
7.0%
|
$30.05
|
|
|
London Fix Precious Metal Prices |
|||||||
|
Gold
|
Silver
|
Platinum
|
Palladium
|
||||
|
AM
|
PM
|
AM
|
PM
|
AM
|
PM
|
||
| 7/2/2010 | 1210.50 | 1201.50 | 17.980 | 1516.00 | 1508.00 | 438.00 | 433.00 |
| 7/9/2010 | 1196.25 | 1208.75 | 17.870 | 1525.00 | 1527.00 | 448.00 | 454.00 |
|
London Weekly Bullion Changes |
||||
|
Up
|
Down
|
% Change
|
Gain/Loss
|
|
| Silver | X |
-0.6%
|
-$0.11
|
|
| Gold | X |
0.6%
|
$7.25
|
|
| Platinum | X |
1.3%
|
$19.00
|
|
| Palladium | X |
4.8%
|
$21.00
|
|
For daily prices, check out the silver spot price page.
