Silver Prices Rally Friday: 3.8% London Weekly Gain; 4.4% in N.Y.

August 29, 2009 by · Leave a Comment 

Weekly Silver UpdateIn a week of seesaw action, silver prices rallied on Friday to finish with weekly gains of 3.8 percent in London and 4.4 percent in New York.

For the week, New York silver prices for September delivery jumped 62 cents, to close at $14.784 an ounce. The metal started the week strong, lost air and mostly flattened in mid-week, and finally soared Friday with a 56.4 cent gain.

London silver prices jumped 53 cents on the week. Following a rise on Monday to $14.41, silver dipped to $14.11, recovered to $14.32, dipped again to $14.20, and then surged Friday to $14.54 an ounce.

London silver is up $3.75, or 34.75 percent, this year following the $10.79 closing price on Dec. 31, 2008. It is down from its peak in May, however, when it jumped higher by $4.73, or 43.8 percent.

London precious metal weekly prices follow:

London Fix Precious Metal Prices

8/21/2009 941.50 952.50 14.01 1232.00 1239.00 272.00 275.00
8/28/2009 950.75 955.50 14.54 1234.00 1244.00 286.00 289.00


Dollar and Percent Price Changes

% Change
$ Change
Silver X  
Gold X  
Platinum X  
Palladium X  


These articles offer precious metals and silver coin news:

  • Bullion & Business Weekend Report – CoinNews
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  • W(h)ither Hindustan? – Jon Nadler, Kitco
    At first glance, Friday appeared to be once again shaping up as an oil-driven kind of day in the precious metals pits. Gains of from half to three-quarters of a dollar in black gold were initially seen sustaining incremental …
  • US Mint Sales: 2009 Proof Sets Top 975K, UHRs Near 83K – CoinNews
    US Mint coin sales trended slightly lower last week with the exception of silver coin demand which was on the rise. Frankly, no numbers unexpectedly shouted and said “look at me.” Here are several highlights, plus a few topics …
  • First Spouse Coin Sales Retreat, Jackson’s Spike – First Spouse Coins
    First Spouse Gold Coin sales mostly declined with only three of the nine U.S. Mint gold commemoratives showing improvements compared to the prior report. As mentioned last week, when the proof Andrew Jackson Liberty’s …
  • US Mint Weekly Silver Coin Demand Climbs – Silver Coins Today
    Collector silver coin sales increased for all but one US Mint offering during the seven days ended Aug 23, new sales figures from the Mint reveal. The sole under performer was the 2008-dated Annual Uncirculated Dollar Coin Set. 644 new sets were purchased compared to …

For daily silver news and prices, visit Silver Spot Prices.

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