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 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 Plummets 27.7% in 2008

2008 turned out to be a rocky year for silver. The London silver fix kicked off on January 2 with a price of $14.93 an ounce. The precious metal closed Wednesday at $10.79 to finish the year with a depressing 27.7 percent decline.

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