Silver Prices Soar, Recording 2009 Highs with Near 10% Weekly Gains

September 5, 2009 by · Leave a Comment 

Weekly Silver UpdateSilver prices soared for the second straight week. The metal hit new 2009 highs, with both London and New York markets surging 9.7 percent and 9.9 percent, respectively.

New York silver futures for December delivery closed Friday to $16.285 an ounce and surged $1.47 for the week, the biggest increase of a most-active contract since May 8. The closing price on Thursday was a half penny higher, which was the highest price since Aug. 7, 2008.

London silver prices jumped $1.41 on the week, and follow last week’s advance of 53 cents. The metal was set to $15.95 an ounce, marking the highest level of 2009. London silver is up $5.16, or 47.8 percent this year as compared to the $10.79 closing price on Dec. 31, 2008.

London precious metal weekly prices follow:

London Fix Precious Metal Prices

Gold
Silver
Platinum
Palladium
AM
PM
AM
PM
AM
PM
8/28/2009 950.75 955.50 14.54 1234.00 1244.00 286.00 289.00
9/4/2009 987.25 989.00 15.95 1248.00 1250.00 290.00 290.00

 

Dollar and Percent Price Changes

Up
Down
% Change
$ Change
Silver X  
9.7%
$1.41
Gold X  
3.5%
$33.50
Platinum X  
0.5%
$6.00
Palladium X  
0.3%
$1.00

 

These articles offer precious metals and silver coin news:

  • Bullion & Business Weekend Report – CoinNews
    Precious metals prices glowed for a second consecutive week, with silver blazing a trail of hot fire and gold surging toward $1,000 an ounce. New York crude futures rose slightly Friday but had their worst weekly loss in nearly two months. In other markets, both U.S. and European stocks ended the week lower …
  • Labor Day Before Labour Day – Jon Nadler, Kitco
    Price ranges narrowed and action turned somewhat calmer in overseas precious metals markets overnight. The approach of the long weekend in the US and the imminent release of labour statistics …
  • First Spouse Coin Weekly Sales, Gold Coin Prices Rise – First Spouse Coins
    The newest Julia Tyler First Spouse Coins were again the biggest US Mint sellers. The proof and uncirculated options climbed by 217 and 133, respectively. Van Buren’s Liberty proof performed …
  • Weekly Sales Figures for US Mint Silver Coins – Silver Coins Today
    With the exception of Silver Eagles, US Mint silver coin sale figures were less than exciting for the last seven days ending Sunday, Aug. 30. The 2009 Silver Proof Set was the biggest gainer in collector coins …
  • Silver Eagles Sales Best August Ever, Gold Eagles Fourth – CoinNews
    The United States Mint sold 2.13 million Silver Eagles and 82,000 Gold Eagles during the month of August. Pretty impressive. Still, if these numbers seem lower than those from July or June, that’s because they are. From that fact alone, it would be easy to conclude that gold and silver eagle coin demand is on the retreat. But that wouldn’t exactly be accurate …
  • Record 2.13M Silver Eagle Sold in August – Silver Coins Today
    American Silver Eagle Coins hit another new record last month. The US Mint sold 2.13 million of the bullion coins, which is the most ever for an August month. That may surprise those who watch the series, given the total is actually down substantially — 24.2 percent — from July’s record 2.81 million. Further, while July ranked as the second best 2009 month for the eagles, August sales are actually …

For daily silver news and prices, visit Silver Spot Prices.

Speak Your Mind

Tell us what you're thinking...