Silver Prices Rally Friday: 3.8% London Weekly Gain; 4.4% in N.Y.

In a week of seesaw action, silver prices rallied on Friday to finish with weekly gains of 3.8 percent in London and 4.4 percent in New York.

For the week, New York silver prices for September delivery jumped 62 cents, to close at $14.784 an ounce. The metal started the week strong, lost air and mostly flattened in mid-week, and finally soared Friday with a 56.4 cent gain.

London silver prices jumped 53 cents on the week. Following a rise on Monday to $14.41, silver dipped to $14.11, recovered to $14.32, dipped again to $14.20, and then surged Friday to $14.54 an ounce.

London silver is up $3.75, or 34.75 percent, this year following the $10.79 closing price on Dec. 31, 2008. It is down from its peak in May, however, when it jumped higher by $4.73, or 43.8 percent.

London precious metal weekly prices follow: Read More…

US Mint Weekly Silver Coin Demand Climbs

Collector silver coin sales increased for all but one US Mint offering during the seven days ended Aug 23, new sales figures from the Mint reveal.
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2009 American Eagle Silver Coins Pass 18 Million Sold

Before August has ended and with more than 4 months of this year remaining, 2009 Bullion American Eagle Silver Coins have smashed a hefty barrier and are on track for a new yearly record. Read More…

2010 American Veterans Disabled for Life Silver Coin Designs

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Silver Prices Drop 6.5% in London, 3.8% in New York

With the exception of silver’s negative dip between Friday and Monday, the metal’s trading range was mostly narrow.

For the week, silver lost 97 cents in London and 55.8 cents in New York.

New York silver for September delivery fell 3.8 percent, to close at $14.164 an ounce. The metal recovered some of its losses Friday with a 28 cent gain.

London silver plunged 6.5 percent. The metal was fixed at week’s end to $14.01 an ounce. Prices were lowest on Wednesday at $13.59

"Silver managed to recapture the $14-per-ounce level, but the noble metals slipped in early going, as perceptions of ‘what next’ came into the picture with the aforementioned ‘clunkers’ programme ending on Monday," wrote Jon Nadler, Sr. analyst at Kitco Metals Inc. "In any event, car wheeler-dealers will have all staff on-call for what promises to be a very, very long (but perhaps their best in years) weekend."

London precious metal weekly prices follow: Read More…

US Mint Weekly Sales: Silver Eagles Rise 475K, Silver Proof Sets Gain 17.3K

It was another strong week for at least two US mint silver coin products. American Silver Eagles shined and the 18-coin Silver Proof Set commanded coin collector’s attention. Read More…

2009 UK Britannia Silver Proof Coin

Showcasing a strong image of Britannia on its reverse, the Royal Mint has introduced the 2009 UK Britannia One Ounce Silver Proof Coin. Read More…

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