Weekly Silver Prices Rise 0.2% in London, Drop 0.5% in New York

Precious metals were mixed this week as large price retreats on Monday were quietly chipped into on succeeding days, ending with solid boosts Friday.

In terms of weekly silver numbers, the metal managed to break a three-week loosing streak in London while falling slightly in New York.

New York silver futures for July gained 12.3 cents on Friday to end at $14.128 an once. In the end, the weekly loss was trimmed to 7.2 cents for a 0.5% decline.

London silver moved strongly on Friday as well, rising 39 cents to end at $14.26 an ounce. The price is a modest 3 cent increase for the week, marking a percentage rise of 0.2%. The up tick was enough to boost silver’s yearly increase to 32.2%. The price is $3.47 more than the $10.79 closing on December 31 — although still a significant contrast to the $4.73, or 43.8 percent, increase in May when silver prices reached their heights.

Here are week changing London precious metal prices:

London Fix Precious Metal Prices
	Gold		Silver	Platinum		Palladium
	AM	PM		AM	PM	AM	PM
6/19/2009	933.75	935.25	14.23	1209.00	1212.00	241.00	243.00
6/26/2009	943.00	942.00	14.26	1208.00	1203.00	244.00	245.00

 

Dollar and Percent Price Changes
	Up	Down	% Change	$ Change
Silver	X		0.2%	$0.03
Gold	X		0.7%	$6.75
Platinum		X	-0.7%	-$9.00
Palladium	X		0.8%	$2.00

 

These articles offer week ending precious metals and silver coin news:

• Bullion & Business Weekend Report – CoinNews
  Precious metals split this week and experienced narrow movements. Gold appeared slightly more attractive to investors as the U.S. dollar showed weakness. The yellow metal in London ended higher for the first week in four while silver marked its first gain in three. Platinum, however, retreated for week three…

• Gold tops $940, marking first weekly gain in four – MarketWatch
  Gold futures rose Friday, marking their first weekly gain in four as a weaker U.S. dollar and record-low interest rates boosted the metal’s investment appeal…

• U.S. Markets Wrap: Stocks Fall on Higher Savings; Dollar Drops – Bloomberg
  U.S. stocks fell, giving the Standard & Poor’s 500 Index the first two-week decline since March, after the highest American savings rate in 15 years spurred concern that consumer spending will slow and oil retreated. The dollar dropped after China’s central bank reiterated a call for a worldwide currency…

• Saver Nation – Jon Nadler, Kitco
  The trading week drew closer to a positive finish for gold prices on Friday, for the first time in two fortnights. The US dollar encountered difficulties with maintaining the 80 level on the index, while oil prices rose a tad following fresh reports of Nigerian pipeline-oriented violence…

• US Mint Sales: 2009 Proof Sets Pass 577K – CoinNews
  Collector action was mostly lackadaisical when it came to purchasing coins last week, the latest US Mint sales figures reveal. Despite that, a few milestones were achieved as we so often like to point out in our weekly heading. 2009 Proof Sets again retreated from their launch week highs…

• First Spouse Coin Sales Lean Lower… – First Spouse Coins
  First Spouse Coin Sales were mixed last week, but mostly leaned lower following the prior week where every coin had declined in performance. In comparing US Mint figures from the week prior and week-over-week percent increases, two of eight coins inched higher, two were unchanged and four slipped…

• US Mint Silver Coin Sales Mixed – Silver Coins Today
  While the latest figures for US Mint collector silver coins and sets sales show a mixture of ups and downs, the overall picture appears less than exciting. The "winner" in the week-over-week comparison for both a unit and percentage increase was the…

• US Mint Bullion Eagle Sales Ease… – Coin Sales Figures
  Sales of American Eagle Silver and Gold bullion coins stepped back last week compared to the week prior, US Mint sales figures reveal. During the second week of June, silver and gold eagles surged 8.1 percent and 9.1 percent, respectively. Last week sales were strong, but…

For daily silver news and prices, visit Precious Metal Prices.