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 Changes
12/29-1/2	Gold	Silver	Platinum	Palladium
$ Change	(6.50)	0.15	6.00	3.00
% Change	-0.7%	1.4%	0.7%	1.6%

 

The following articles offer week ending precious metals news:

• Wisdom of Words – Jon Nadler, Jan 2
  Gold’s 2009 start ran into a bit of difficulty as a fresh rise in the US dollar created less than auspicious conditions for continued advances towards the $900 level.
• Gold Declines as Dollar Rebounds Against Euro; Silver Gains – Bloomberg, Jan 2
  Gold fell as the dollar climbed against the euro, eroding the appeal of the precious metal as an alternative investment. Silver and platinum futures rose…
• Gold declines as dollar strengthens – MarketWatch, Jan 2
  Gold futures ended slightly lower Friday in their first trading action of 2009, as a stronger U.S. dollar reduced the metal’s appeal as an alternative investment…