Silver Falls 10% in Three Weeks

For the shortened holiday week, silver and gold prices declined as palladium and platinum gained, marking a three-week repeat of the same cycle. London spot silver ended at $12.30 an ounce, plummeting 56 cents, or 4.4 percent, from last Friday’s close. Silver has declined 9.9 percent (down by $1.35) since March 20.

Silver Ends Week Below $13

Exactly like last week, silver and gold prices fell while palladium and platinum rose. Silver ended under $13 in London and in New York. In spot trading, the London silver fixing ended the week at $12.86 an ounce, falling 36 cents, or 2.7 percent. Silver dropped 43 cents during the previous week.

Silver Soars 21.5% in First Quarter 2009

With the end of March, the curtains closed to a spectacular precious metal run-up for the first quarter of 2009. Silver soared 21.5 percent, rising $2.32 during the first three months of the year. As the chart indicates, London silver steadily climbed to peak at $14.39 an ounce on Feb. 24. Although silver mostly retreated […]

Silver Prices Decline more than 3% for Week

It was a mixed bag of news for precious metals on the week. Silver and gold fell while platinum and palladium climbed. By week’s end, silver lost a sizable chunk of last week’s gains. New York silver futures for May fell 57.7 cents, or 4.2 percent, to $13.263 an ounce. The metal closed last Friday […]

Silver Prices Jump more than 4% for Week

Precious metal prices soared in the middle of the week as news of the Feds plan to buy $1 trillion in securities sparked inflation fears, which is almost always positive for inflation-hedging commodities. New York silver futures for May surged 62.5 cents, or 4.7 percent, to $13.84 an ounce. It closed last Friday at $13.215 […]

Silver Declines 2.6% for Week

London silver gave up last week’s gains to end this week at $13.11 an ounce, which was down 35 cents, or 2.6 percent. Silver did move higher Thursday and Friday along with other precious metals. New York silver for March delivery ended the week lower as well, declining 14.3 cents or 1.07 percent to $13.18 […]

Silver Advances 1.89% for the Week

Silver regained its foothold, but failed to rise above the $14 an ounce it had attained from Feb. 18 to Feb. 24. London silver ended higher on the week, rising 25 cents, or 1.89 percent, to end at $13.46 an ounce. New York silver began its upward trending move Tuesday. For the week, silver for […]

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