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 an ounce.

In New York, silver futures for March delivery rose 55 cents, or 4%, to $14.49 an ounce. It has surged an impressive 28 percent for the year.

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
2/13/2009	939.25	935.50	13.37	1063	1055	215	213
2/20/2009	981.00	989.00	14.28	1083	1086	216	216

 

Dollar and Percent Changes Friday PM-Friday PM
2/13-2/20	Gold	Silver	Platinum	Palladium
$ Change	53.50	0.91	31.00	3.00
% Change	5.7%	6.8%	2.9%	1.4%

 

These articles offer week ending precious metals news:

• Gold tops $1,000 for first time in nearly a year - MarketWatch
  Gold futures closed above the key $1,000 mark Friday for the first time in nearly a year, with the global financial and economic worries boosting the safe-haven appeal of the precious metal.

• Gold Tops $1,000, Highest Since March, as Global Equities Slide - Bloomberg
  Gold surpassed $1,000 an ounce in New York for the first time in almost a year as investors, hurt by plunging stocks and a deepening recession, sought to protect their wealth.

• Weekend Report: Silver, Gold, Platinum and Stock Prices - CoinNews
  Precious metals surged forward with New York gold rising above $1,000 Friday for the first time in nearly a year. For the week, the London gold fixing gained 5.7 percent, silver jumped 6.8 percent and platinum climbed 2.9 percent. The Dow lost 6.2 percent, the S&P declined 6.9 percent and the Nasdaq fell 6.1 percent. European stocks closed at 6-year lows.

Related Silver or Coin News:

1. Silver Prices Rise 3% for the Week Silver prices marched higher on the week as did platinum and palladium. Gold, however, turned slightly lower. The London Silver Fix ended Friday at $12.51 an ounce, gaining 38 cents, or 3.0 percent from last Friday's close of $12.51. The following tables list precious metal prices from Friday PM to Friday PM: London Fix Precious [...]...
2. 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 [...]...
3. Weekly Silver Prices Fall 1.4% in N.Y., Rise 0.8% in London Silver prices turned down during the first week in June following silver's surge in May where the metal gained 27 percent in N.Y. and 23 percent in London. The earlier Friday closing London markets had silver slightly up for the week while the later closing New York markets pushed silver down hard enough to register [...]...