Silver Prices Rise 3% for the Week

Silver prices marched higher on the week as did platinum and palladium. Gold, however, turned slightly lower. The London Silver Fix ended Friday at $12.51 an ounce, gaining 38 cents, or 3.0 percent from last Friday’s close of $12.51.

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
2/6/2009	914.00	913.00	12.89	982	989	202.00	208.00
1/30/2009	918.50	919.50	12.51	975	983	192.00	196.00

 

Dollar and Percent Changes Friday PM-Friday PM
1/30-2/6	Gold	Silver	Platinum	Palladium
$ Change	-6.50	0.38	6.00	12.00
% Change	-0.7%	3.0%	0.6%	6.1%

 

These articles offer week ending precious metals news:

• Gold Is Little Changed on Stock Rally; Silver Rises for 3rd Day – Bloomberg, Feb 6
  Gold prices were little changed as equities rallied on expectations the U.S. Congress will pass a stimulus package to revive the economy. Silver gained for the third day in a row.
• Gold ends slightly higher after U.S. jobs data – MarketWatch, Feb 6
  Gold futures ended Friday slightly higher as investors in the precious metal looked past the worst job losses in 34 years and followed a broad rally in stocks on Wall Street.
• Weekend Report: Silver, Gold, Platinum and Stock Prices – CoinNews, Feb 7
  Precious metals were split for the week with gold closing lower along with oil. Silver and platinum climbed as did U.S. and European stocks. For the numbers, the London gold fixing ended 0.7 percent lower while silver and platinum gained 3.0 percent and 0.6 percent, respectively.