Silver Rises 2.3% in London, 0.4% in New York

Silver spent Monday through Wednesday sliding. The metal then surged Thursday only to slip back Friday. By week’s end, however, silver managed to muster gains in both London and New York.

For the week, New York silver futures rose 5.4 cents, or 0.4 percent, to close at $14.722 an ounce.

London silver climbed 33 cents, or 2.3 percent. The metal was fixed at week’s end to $14.98 an ounce.

"Thanks to its widespread industrial use, silver benefits, even more than gold, from current economic hopes," analysts led by Barbara Lambrecht at Commerzbank, was quoted on MarketWatch. "Furthermore, in contrast to gold, investors continue to show strong interest in silver."

London precious metal weekly prices follow: Read More…

Mint Sales: Silver Proof Sets Top 406,000; Silver Eagles Pass 17.2 Million

When it comes to US Mint silver coin offerings, 2009 Silver Proof Sets and bullion American Silver Eagles are today’s stars. Their weekly sales figures jumped to the top in sparkling fashion. Read More…

2010 Olympic Silver Maple Leaf Bullion Coin

Launching the third and final issue of the world’s first series of bullion coins honoring the spirit of the Olympic Games, the Royal Canadian Mint has released the Vancouver 2010 Olympic Winter Games Silver Maple Leaf bullion coin. Read More…

Silver Prices Surge 7.5% in London, 5.2% in New York

Silver streaked ahead this week making impressive gains in both New York and London. While gold prices Friday were trimmed slightly after a stronger US dollar and falling crude-oil prices reduced the yellow metal’s appear, silver was more resilient.

New York silver futures for September delivery jumped 72.8 cents on the week to close Friday at $14.668 an ounce, marking a 5.2 percent gain.

London silver performed better, rising an impressive $1.02, or 7.5 percent, since last Friday. The metal was fixed at week’s end to $14.65 an ounce, which was two cents lower than the highest point reached Thursday.

"It [the US jobs report] was good for the stockmarket, so copper, silver, platinum and palladium had rises," a trader was quoted on The Australian. "It makes sense for the white metals to be up."

US Jobs data for July showed the smallest job cuts since last August and an unemployment rate at 9.4 percent compared to the 9.5 percent level in June.

London precious metal weekly prices follow: Read More…

US Mint Silver Coin Sales Figures: Coinage Lower; Eagles Higher

Bullion American Silver Eagles earn the headline news as the biggest selling US Mint coin, and they have for several weeks. Read More…

2009 Silver Eagles Set Explosive Records: 16.6M Sold, 2.8M in July Alone

American Eagle Silver Bullion Coins were on a tear last month, earning the top spot for the most ever sold in July, and hitting the highest total during the first seven months of a year. Read More…

Silver Prices Rise 0.4% in New York, but Falls 1.1% in London

Silver broke a two-week winning streak in London but managed an impressive 45.5 cent surge in the later closing New York market to finish a few cents higher there on the week.

New York silver futures for September delivery rose 6 cents on the week to close Friday at $13.94 an ounce, marking a weekly gain of 0.4 percent. The front-month contract rose 2.7 in July.

London silver edged up earlier in the week before dropping on Wednesday and Thursday. The metal recovered some of the losses Friday and was fixed to $13.63 an ounce. On a weekly basis, it fell 15 cents, or 1.1 percent. London silver dropped 2.2 percent in July, but has gained $2.84, or 26.3 percent this year.

London precious metal weekly prices follow: Read More…

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