Silver Ends Week with 48-cent Gain

February 14, 2009 by · Leave a Comment 

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 Metal Prices

Gold
Silver
Platinum
Palladium
AM
PM
AM
PM
AM
PM
2/13/2009
939.25
935.50
13.37
1063
1055
215
213
2/6/2009
914.00
913.00
12.89
982
989
202.00
208.00

 

Dollar and Percent Changes

Friday PM-Friday PM
2/6-2/13
Gold
Silver
Platinum
Palladium
$ Change
22.50
0.48
66.00
5.00
% Change
2.5%
3.7%
6.7%
2.4%

 

These articles offer week ending precious metals news:

  • Gold falls first day in four, ends week 3% higher – MarketWatch
    Gold futures fell Friday for the first session in four, dropping from a seven-month high to about $942 an ounce as investors took advantage of the prior sessions’ gains and moved into other assets such as oil.

  • Gold Falls as Demand Ebbs After Rally Tops $950; Platinum Drops – Bloomberg
    Gold prices fell as demand for the precious metal eased after a three-day rally to the highest since July. Platinum also declined.

  • Weekend Report: Silver, Gold, Platinum and Stock Prices – CoinNews
    Precious metals bounced higher on the week while oil moved markedly lower despite an exceptionally strong Friday. U.S. stocks closed lower and European stocks were split. For the week, the London gold fixing gained 2.5 percent, silver rose 3.7 percent and platinum jumped 6.7 percent. The Dow lost 5.2 percent, the S&P declined 4.8 percent and the Nasdaq fell 3.6 percent.

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