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 an ounce. It closed last Friday at $13.323 an ounce.

The following tables list precious metal prices from Friday PM to Friday PM:

London Fix Precious Metal Prices
	Gold		Silver	Platinum		Palladium
	AM	PM		AM	PM	AM	PM
3/6/2009	937.75	936.00	13.46	1075	1071	202	202.5
3/13/2009	920.00	928.00	13.11	1050	1048	197	198

Dollar and Percent Changes Friday PM-Friday PM
3/6-3/13	Gold	Silver	Platinum	Palladium
$ Change	$(8.00)	$(0.35)	$(23.00)	$(4.50)
% Change	-0.85%	-2.60%	-2.15%	-2.22%

 

These articles offer week ending precious metals news:

• Gold rises above $930 as ETF holdings hit new high - MarketWatch
  Gold futures rose Friday for a third straight session to end above $930 an ounce, as investors took cues from strong demand for gold exchange-traded funds, which has pushed holdings in the biggest gold ETF to the sixth largest in the world…

• Gold Rises for Third Day on Investment Demand; Silver Gains - Bloomberg
  Gold rose for a third straight day on speculation the recession will widen, boosting the appeal of the precious metal as a store of value. Silver also gained…

• I Love The Smell of Fear in the Morning - Jon Nadler, Kitco
  Gold prices tried for, and enjoyed a continued rally for most of the final session of the week, reaching highs of near $940 per ounce. At the end of the day (literally) however, the metal was unable to remain at those levels, or try to knock down the $950 barrier…

• Weekend Report: Silver, Gold, Platinum and Stock Prices - CoinNews
  After dipping earlier in the week, gold turned upward to regain some positive footing. For the week, the London gold fixing still finished lower, however, falling 0.9 percent. Silver lost 2.6 percent and platinum declined 2.1 percent.

Related Silver or Coin News:

1. Silver Ends Week with 48-cent Gain It was a positive week for precious metals. London silver ended higher for the fourth consecutive week, closing to $13.37 an ounce. The metal climbed 48 cents for a 3.7 percent rise over last's Friday's close of $12.89. The following tables list precious metal prices from Friday PM to Friday PM: London Fix Precious [...]...
2. Silver Prices End Week Lower, First Time in 2009 Silver prices ended the week lower for the first time in 2009. The London Silver Fix closed Friday to $10.78 an ounce, falling 44 cents, or 3.9 percent from last Friday's close of $11.22. The following tables list precious metal prices from Friday PM to Friday PM: London Fix Precious Metal Prices Gold Silver Platinum Palladium AM PM AM PM AM PM 1/16/2009 824.25 833.75 10.78 935 943 182 185 1/9/2009 854.00 847.25 11.22 991 988 196 196   Dollar and Percent [...]...
3. Silver Prices Rise 3% for the Week Silver prices marched higher on the week as did platinum and palladium. Gold, however, turned slightly lower. The London Silver Fix ended Friday at $12.51 an ounce, gaining 38 cents, or 3.0 percent from last Friday's close of $12.51. The following tables list precious metal prices from Friday PM to Friday PM: London Fix Precious [...]...