Silver Surges 14.4% in London, 11.6% in N.Y.

May 9, 2009 by · Leave a Comment 

kjhlkjSilver and other precious metals soared in spectacular fashion this week, marking impressive gains in both London and New York.

London spot silver closed Friday at $13.90 an ounce, jumping $1.75, or 14.4 percent this week. The metal is now up $3.11, or 28.8 percent for the year (over the $10.79 close on Dec. 31.

In New York trading futures Friday, silver for July delivery ended at $13.955 an ounce, surging $1.455, or 11.6 percent on the week.

Here are week changing London precious metal prices:

London Fix Precious Metal Prices

Gold
Silver
Platinum
Palladium
AM
PM
AM
PM
AM
PM
5/1/2009 881.50 884.50 12.15 1096 1076 212.50 212
5/8/2009 917.50 907.00 13.90 1154 1149 241 242

 

Dollar and Percent Changes

Up
Down
% Change
$ Change
Silver
X
 
14.4%
$1.75
Gold
X
 
2.5%
$22.50
Platinum
X
 
6.8%
$73.00
Palladium
X
 
14.2%
$30.00

 

These articles offer week ending precious metals and silver coin news:

  • May 8Gold falls as jobs data clip economic worries – MarketWatch
    Gold futures fell Friday for the first session in five, ending slightly lower as government data showed the U.S. economy lost fewer jobs than expected in April, easing economic worries and curbing gold’s appeal as a safe asset…
  • May 8High (Yo) Silver Surplus – Jon Nadler, Kitco
    Friday’s action in the metals markets was still dominated by sellers. Gold and the rest of the complex yielded in the wake of liquidations engendered by persistent IMF gold sales talk and by rising interest among some investors in other markets…
  • Bullion & Business Weekend Report – CoinNews
    Precious metals surged this week, with London gold rising 2.5 percent, silver soaring 14.4 percent, and platinum jumping 6.8 percent. In black gold, crude-oil closed at its highest point this year to near $59 a barrel…
  • May 6US Silver Coin Sales – Silver Coins Today
    Demand for silver coins and sets dipped slightly compared to last week’s report, and according to the newest US Mint sales data. The story is still about Braille Silver Dollars. More than one third of the possible 400,000 have now been sold…
  • May 3 American Eagle Silver Bullion Coins Smash Sales Records – Silver Coins Today
    2009 American Eagle Silver Bullion Coins have shattered past monthly sales records, and are racing toward a dramatic historic yearly total. Earlier this year, Silver Coins Today showed record eagle sales for the first two months of 2009. Demand for the eagles by then had hit an all time February high and recorded the second best January since the coins launched in 1986…

For daily news and prices, visit Silver Spot Prices.

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