Silver Prices Continue to Increase

Silver again ended the week on a higher note, following a trend beginning in early December. The London Silver Fix closed Friday to $11.22 an ounce, rising 14 cents or 1.3 percent from last Friday's close of $11.08.

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

The following articles offer week ending precious metals news:

• Are Silver Prices Artificially Low? - NuWire, Jan 7
  Thirty years ago, the price of silver reached historic highs. At nearly $50 per ounce, the precious metal's value was unlike anything seen before or since. A variety of factors fueled the skyrocketing prices; the energy crisis of 1979, the weakening of the U.S. Dollar and mounting interest rates all contributed to silver's impressive value during the period. Today many of these factors are remarkably similar to what they were in 1979, yet the price of silver has remained surprisingly low.
• Labor Pain(s) - Jon Nadler, Jan 9
  New York gold dealings opened with a tilt towards lower values, and finished with only a very modest book-squaring related shortcovering climb in futures, as players digested the jobs data and as crude oil...
• Gold Rises on Speculation Dollar to Drop on Recession - Bloomberg, Jan 9
  Gold rose for a second day on speculation that the dollar will slide as the recession deepens, boosting the appeal of the precious metal as an alternative investment. Silver also gained.
• Gold ends almost flat amid job losses, rising dollar- MarketWatch, Jan 9
  Gold futures closed nearly unchanged Friday but marked their first weekly loss in five weeks, as newly released U.S. jobs data increased safe-haven buying while a stronger dollar made the metal less appealing as an investment alternative.
• Weekend Report: Silver, Gold, Platinum and Stock Prices- CoinNews, Jan 10
  London gold, which is used as a benchmark for immediate delivery, lost 3.1 percent for the week. Silver and platinum showed strength, rising 1.3 percent and 6.7 percent, respectively. Europe and U.S. indexes closed lower. The Dow lost 4.8 percent, the S&P fell 4.5 percent and the Nasdaq dropped 3.7 percent from last Friday's close.

Related Silver or Coin News:

1. 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 [...]...
2. Silver Prices Rise 0.1% in London, 0.4% in N.Y. Silver managed modest gains for the week, rising less than a percent in both New York and London -- well off the respective 11.6 percent and 14.4 percent increases from the prior week. London spot silver closed Friday at $13.92 an ounce, rising 2 cents or, 0.1 percent this week. However, silver is 29 percent higher [...]...
3. Silver Prices Rise Nearly 7% for the Week London silver finished higher on the week for the fifth straight time, as precious metals shined with solid gains ranging from 1.4 percent to 6.8 percent -- the latter being silver. The metal broke the $14 barrier on Wednesday and maintained momentum, climbing 91 cents above last Friday's close to finish at $14.28 [...]...