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.