Silver Prices Fall Below $18/oz, Plunging with Other Commodities
April 17, 2010 by Silver Coins Today · Leave a Comment
Silver prices skidded to a halt, breaking a two-week winning streak in New York.
U.S. silver futures tumbled along with other commodities on Friday as Goldman Sachs Group Inc. was charged with fraud by U.S. regulators.
New York silver futures for May delivery were set to end with a positive week, and then plunged 75.8 cents [...]
Silver Surges for Second Week, Topping $18/oz
April 10, 2010 by Silver Coins Today · Leave a Comment
Silver prices surged for a second week and above $18 an ounce in New York on Monday while the London markets were closed for an extended Easter weekend.
Prices retreated below the mark on Tuesday and then recovered again on Wednesday to rise on industrial demand expectations and in spite of a stronger U.S. [...]
Silver Weekly Prices Surge 5.8% in N.Y. and 5.0% in London, Soars in March
April 3, 2010 by Silver Coins Today · Leave a Comment
Weekly silver prices soared toward the end of March and the beginning of April after falling the prior week. The metal jumped 5.8% in N.Y. and 5.0% in London.
The London silver fix ahead of long Easter weekend ended at $17.69 an ounce, marking a weekly gain of 84 cents. For March, silver soared [...]
Silver Prices Fall in Fourth Week of March
March 27, 2010 by Silver Coins Today · Leave a Comment
Silver prices fell in both N.Y. and London during the fourth week of March.
New York silver futures for May delivery closed on Friday at $16.906 an ounce, falling 13 cents, or 0.7%, during the week. By comparison, the first, second and third weeks of this month registered gains / losses of +86 cents, -33.4 cents, [...]
Silver Prices Remain Mostly Unchanged in Third Week of March
March 20, 2010 by Silver Coins Today · Leave a Comment
Silver prices during the third week of March edged slightly lower in New York and remained unchanged in London.
In the numbers, New York silver futures for May delivery ended Friday at $17.032 an ounce for a weekly loss of 2 cents, or 0.1%. In contrast, N.Y. silver dropped 33.4 cents last week after soaring 86 [...]
Silver Prices Soften in Second Week of March
March 13, 2010 by Silver Coins Today · Leave a Comment
Silver prices started the first week of March higher, marking the fourth straight week of gains. This week prices softened, rising 0.3% in London and falling 1.9% in New York.
New York silver futures for May delivery ended at $17.048 an ounce on Friday, dropping 33.4 cents on the week after soaring 86 cents during [...]
Silver Surges During First Week of March 2010
March 6, 2010 by Silver Coins Today · Leave a Comment
Silver prices have rallied for four straight weekly gains, with the first week of March notably coming in with respective New York and London increases of 5.2% and 7.0%.
For current prices, New York silver futures for May delivery ended at $17.38 an ounce on Friday, soaring 86 cents this week. London silver was fixed [...]
Silver Prices End Higher Through Final Three Weeks in February
February 27, 2010 by Silver Coins Today · Leave a Comment
Silver prices ended on stronger notes through the final three weeks of February after having tumbled nearly 20% during the three prior weeks, and by more than $1 in the first week of the month alone.
Despite gold declining slightly over the past week, silver — which often follows the yellow metal — was higher [...]
Silver Surges for Second Straight Week
February 20, 2010 by Silver Coins Today · Leave a Comment
Silver rallied for a second straight week after plunging nearly 20% during the three prior weeks.
New York silver futures surged ahead 6.3% since last Friday while the fix in London boosted the metal by 4.0% during the same time period.
For the most part, and as imparted last week, silver has been following gold’s [...]
Silver Weekly Prices Jump 4.2% in New York
February 13, 2010 by Silver Coins Today · Leave a Comment
Silver prices marked gains in the second week in February after tumbling nearly 20% during the three prior weeks.
Despite slight losses on Friday, weekly silver prices jumped 4.2% in New York and 1.1% in London.
For the most part, silver followed gold’s direction, and gold moved opposite of the US dollar. The greenback was [...]
Silver Tumbles Nearly 20% in Three Weeks
February 6, 2010 by Silver Coins Today · Leave a Comment
Silver prices ended the first week in February with deepened losses. The metal has caved by almost 20 percent since mid-January.
While the enormous losses could present a buying opportunity next week, little is in the news front to suggest a direction of north or south. Precious metals have thus far been commanded by the winding [...]
Silver’s Slide Ends in January, 2010
January 30, 2010 by Silver Coins Today · Leave a Comment
Silver prices can head no lower in January, but only because the trading days ended for the month on Friday. Silver tumbled during the first month in 2010, falling 4.1 percent in London and 3.9 percent in New York.
The strength of the US dollar and worries over industrial demand were commonly cited for silver [...]
Silver Plunges 8.1% in New York, 6.7% in London
January 23, 2010 by Silver Coins Today · Leave a Comment
Silver prices fell of a cliff this week in both New York and London. The metal suffered respective weekly losses of 8.1 percent and 6.7 percent.
Price declines began to slope lower on Wednesday, after gold struggled following news that China was beginning to tighten bank lending which boosted the US dollar. Gold generally moves [...]
Silver Weekly Prices Advance in London, Decline Slightly in NY
January 16, 2010 by Silver Coins Today · Leave a Comment
Silver weekly prices calmed following the wild upward rides of the first 2010 trading week. Silver in London did push up 2.2 percent for the week. However, later closing New York silver futures dipped 22.5 cents on Friday to finish with a weekly 0.2 percent loss.
At the end of the day, New York [...]
Silver Prices Surge in First 2010 Trading Week
January 9, 2010 by Silver Coins Today · 1 Comment
Silver prices were smoking hot during the first full week of trading in 2010. For the week, the metal soared 9.6 percent in New York and was fixed 6.7 percent higher in London.
Silver prices in 2009 posted an annual gain in New York of 49 percent, which was the biggest yearly increase since [...]
2009 NY and London Silver Prices, Annual Gains
January 2, 2010 by Silver Coins Today · Leave a Comment
Despite a down week, silver had a spectacular 2009. The metal posted an annual gain in New York of 49%, which was the biggest yearly increase since 1979. The percent gain was even larger in London at 57.5%.
Weekly Silver Prices Little Changed
December 26, 2009 by Silver Coins Today · Leave a Comment
Silver prices were little changed in this holiday-shortened week. The metal shifted lower until turning a corner in New York on Tuesday and then regaining more serious traction on Thursday to overcome prior losses.
New York silver futures for March delivery ended the week at $17.44 an ounce, rising 12 cents, or 0.7 percent.
London silver [...]
Weekly Silver Prices Rise in NY, Fall in London
December 19, 2009 by Silver Coins Today · Leave a Comment
Silver prices were mixed on the week, as it increased 1.3% in New York and fell 1.1% in London.
Precious metals for the most part were pressured by a stronger US dollar, which stuck around a three-month high that was hit on Thursday. Bullion generally moves opposite of the greenback.
New York silver futures for [...]
Weekly Silver Prices Fall More Than 7%
December 12, 2009 by Silver Coins Today · Leave a Comment
The pullback in silver prices that began last Friday continued through the week, as commodities were pressured lower mostly due to a stronger U.S. dollar, according to reports.
Silver plunged in both London and New York, with respective weekly drops of 7.0% and 7.7%. It was the worst performer in the precious metals group.
New York [...]
Silver Ends with Weekly Gain, Despite Friday Fall
December 5, 2009 by Silver Coins Today · Leave a Comment
Silver ended the week up in London and New York despite a pullback on Friday following a government report that helped drive the US dollar to its biggest gain since 1999, making precious metals less attractive.
A Labor Department report released Friday showed employers cut fewer jobs in November, bringing the unemployment rate down to [...]