Silver Prices Continue at 2009 Highs for Third Week of September

Silver prices continued to hit new 2009 highs during the third week of September, but stepped back slightly on the final day of trading.

London and New York silver enjoyed weekly gains of 1.3 percent and 2.2 percent, respectively, with both registering four consecutive weeks of advances.

New York silver futures for December delivery closed Friday at $17.07 an ounce, rising 37 cents for the week.

London silver rose 22 cents on the week after a 94 cent advance the week prior which followed a $1.41 gain. It closed Friday at $17.11 an ounce. The metal’s high point of the week, and the year, was $17.38 an ounce on Thursday. London silver is now up $6.32, or 58.6 percent this year as compared to the $10.79 closing price on Dec. 31, 2008.

London precious metal weekly prices follow:

London Fix Precious Metal Prices
	Gold		Silver	Platinum		Palladium
	AM	PM		AM	PM	AM	PM
9/11/2009	998.25	1008.25	16.89	1287.00	1292.00	291.00	292.00
9/18/2009	1014.00	1012.00	17.11	1326.00	1337.00	300.00	304.00

 

Dollar and Percent Price Changes
	Up	Down	% Change	$ Change
Silver	X		1.3%	$0.22
Gold	X		0.4%	$3.75
Platinum	X		3.5%	$45.00
Palladium	X		4.1%	$12.00

 

These articles offer precious metals and silver coin news:

• Bullion & Business Weekend Report – CoinNews
  London precious metals marked gains for a fourth straight week, although gold and silver increases were much less pronounced compared to the previous two weeks. New York crude futures lost 43 cents on Friday but surged 4 percent on the week. U.S. stocks reached new one-year highs. European stocks climbed as well …

• Gold ends Friday lower but rises on the week – MarketWatch
  Gold for December delivery finished a volatile session slightly lower on Friday, ending four straight sessions of gains, due to a stronger …

• Gold Declines as Dollar Rebound From One-Year Low Curbs Demand – Bloomberg
  Gold fell, cooling a rally that sent prices above $1,000 an ounce this month, as a rebound in the dollar curbed demand for precious metals as a hedge against inflation …

• Fear Factor Foible – Jon Nadler, Kitco
  Lackluster conditions marked the passage of the overnight trading hours in metals as the dollar’s fall slowed considerably and as oil prices started showing signs of nervousness about demand in the commodity …

• US Mint Proof and Uncirculated Silver Coin Demand Retreats – Silver Coins Today
  Despite and uptrend in silver prices during the last 2 1/2 weeks, American Eagle Silver Bullion Coin demand appears to be declining in September, according to the latest US Mint stats …

• US Mint Sales: 2009 Proof Sets Shine, Presidential Dollar Sets Pass 600K – CoinNews
  The latest round of US Mint coin sales is near a reversal of last week when activity had picked up almost across the board and several milestones had been breached. This week there are just a few bright spots to talk about …

• Sarah Polk Coins Lead in First Spouse Gold Weekly Sales – First Spouse Coins
  It’s no surprise the newly offered Sarah Polk coins were again the best sellers of the First Spouse Gold Coin series. The proof and uncirculated options rose by 216 and 463, bringing the totals to 1,137 and 2,147 respectively …

• US Mint Silver Coin Melt Values Soar – CoinNews
  While it would be foolish to purchase commemorative and other collector coins and sets for their intrinsic value (”melt value”), it can be quite interesting to calculate the price of silver within said coins to see how their intrinsic values change …

For daily silver news and prices, visit Silver Prices.