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Silver Reverses Losses, Rises 2.9% in New York
April 24, 2010 by Silver Coins Today · Leave a Comment
Silver prices in New York reversed prior week losses and rose 2.9% for the week. Earlier setting London silver, however, finished down 2.5%.
Driving U.S. gold higher was a weakened dollar that ended a six day rally versus the euro. Silver often follows gold.
By Friday's close, May silver futures ended at $18.192 an ounce for a daily increase of 18.3 cents and a weekly gain of 52 cents.
The London Silver Fix closed on Friday to $17.890 an ounce, falling 46 cents or 2.5% for the week. The week's highest point was on Tuesday when it hit $18.00 an ounce. The weekly low of $17.500 an ounce came on the prior day.
London precious metal weekly prices follow:
London Fix Precious Metal Prices |
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Gold
|
Silver
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Platinum
|
Palladium
|
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|
AM
|
PM
|
AM
|
PM
|
AM
|
PM
|
||
| 4/16/2010 | 1157.00 | 1151.50 | 18.350 | 1720.00 | 1708.00 | 542.00 | 532.00 |
| 4/23/2010 | 1140.00 | 1139.50 | 17.890 | 1733.00 | 1725.00 | 560.00 | 555.00 |
London Weekly Bullion Prices |
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Up
|
Down
|
% Change
|
Gain/Loss
|
|
| Silver | X |
-2.5%
|
-$0.46
|
|
| Gold | X |
-1.0%
|
-$12.00
|
|
| Platinum | X |
1.0%
|
$17.00
|
|
| Palladium | X |
4.3%
|
$23.00
|
|
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