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 Changes Friday PM-Friday PM
1/9-1/16	Gold	Silver	Platinum	Palladium
$ Change	-13.50	-0.44	-45.00	-11.00
% Change	-1.6%	-3.9%	-4.6%	-5.6%

 

These articles offer week ending precious metals news:

• Gold Gains Most in a Week in London on Stocks, Weaker Dollar- Bloomberg, Jan 17
  Gold rose the most in a week in London as global stocks gained and the dollar weakened against the euro, increasing the metal’s appeal as an alternative investment.
• Gold futures rise for first day in five as dollar falls- MarketWatch, Jan 17
  Gold futures rallied 4% Friday, gaining for the first session in five as a weaker U.S. dollar enhanced the metal’s appeal as an investment alternative. The metals complex traded broadly higher.
• Weekend Report: Silver, Gold, Platinum and Stock Prices- CoinNews, Jan 17
  London gold lost 1.6 percent for the week while silver and platinum dropped 3.9 percent and 4.6 percent respectively. Europe and U.S. indexes showed strength Friday, marking positive gains. But overall for the week, the Dow lost 3.7 percent, the S&P fell 4.7 percent and the Nasdaq dropped 2.7 percent.

Related Silver or Coin News:

1. Silver Ends Week and Month Lower, Higher on Year Silver declined this week after the metal had just broken away from a four-week losing streak following last Friday's close. London spot silver closed Friday at $12.15 an ounce, falling 4.9 percent for the week and ending 3.7 percent lower in April. For the year, however, London silver is up 12.6 percent. In [...]...
2. 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 [...]...
3. Silver Prices Rise for the Week Silver ended the week higher following two holiday shortened trading weeks that forestall a Friday to Friday comparison. The London Silver Fix closed Friday to $11.08 an ounce, rising 15 cents or 1.4 percent from Monday's $10.93. The following tables list precious metal prices from Monday to Friday: London Fix Precious Metal Prices Gold Silver Platinum Palladium AM PM AM PM AM PM 12/29/2008 881.00 880.25 10.93 920 904 182 184 1/2/2009 869.75 874.50 11.08 934 926 185 185   Dollar and Percent [...]...