Silver Pummeled as U.S. Weekly Prices Dive 7.4%

U.S. silver prices tumbled 7.4% on the week, falling the most since the 8.4% drop during the week ending February 5, 2010. Much of the metal’s decline — 91.8 cents worth — occurred on Thursday as a volley of reports added to worries of an economic slowdown in the U.S. and China, triggering a large [...]

Silver Prices Surge, Narrowing Weekly Loss

U.S. silver prices surged on Thursday and Friday, paring sharp prior day declines to significantly narrow the metal’s weekly loss. New York silver futures for July delivery marked an intraday high of $19.46 an ounce to start the week, but plummeted Monday afternoon to close at $18.808 an ounce. Prices picked up by nearly a [...]

Silver Prices Soar for Second Straight Week

Silver prices surged for a second consecutive week, capping a 10.9% gain in New York and a more modest 5.7% increase in London since June 4. In weekly increases, the metal was just below the rallying levels of last week. U.S. silver jumped 5.2% as compared to the 5.4% increase during the prior week. New [...]

Silver Weekly Prices Advance 5.4% in US, 3.1% London

Silver prices rallied during the second week of June to recover most of their losses made during the month’s first week. It was the biggest gainer of the precious metals. U.S. silver surged 5.4% this week as compared to the 6.1% decline during the prior week. New York silver futures for July delivery ended at [...]

Silver Falls in First June Week, Handing Back Gains

Silver prices plummeted during the holiday shortened first week of June, giving back gains it made in a rallying final week of May. [May, as it turned out, was a record month for physical ownership of U.S. Mint American Silver Eagle bullion coins. More than 3.6 million were sold. For more, read Silver Eagles Best [...]

Silver Prices Retreat in May 2010 Despite Rallying Final Week

Silver prices soared this week, but nevertheless declined during the month of May after a 6.4% increase in April. On Friday, New York silver futures for July delivery fell 4.6 cents, or 0.3, to $18.422 an ounce, capping a 1.2% loss in May. For the week, however, the metal soared 77.1 cents, or 4.4%.

Silver Prices Plunge in 3rd Week of May

Silver prices were brutalized during the third week of May, tumbling with other precious metals with stiff selling the order of the day for much of the week. Silver’s fall was less severe as compared to other industrial used metals, like platinum and palladium. But its drop was deep nevertheless. London and New York prices [...]

Silver Prices Soar 11% in London, 4.2% in New York

Silver prices rallied this week, pulling away from the declines of the prior week. The metal soared 11% in London and 4.2% in New York. Silver began its rally in the U.S. on Friday of last week, with analysts saying some investors were buying the metal as an alternative to gold which was too expensive [...]

Silver Pares Losses in First Week of May

Silver prices tumbled for much of the week before recovering Friday to pare losses. Metals were led up and down over concerns of the Greek debt woes, with added worries that the crisis could spread to other euro-zone countries. The fears helped safe-haven investments, like gold, but brought down industrial metals that would suffer weakened [...]

Silver Prices Soar in April 2010

Silver prices soared during the month of April, rising 6.4% in both London and New York. The metal rallied late in the week after retreating earlier despite soaring gold prices. Silver typically follows gold. However, while gold was lifted as a safe-haven investment over concerns of widening sovereign debt issues in Europe, those same issues [...]

Silver Reverses Losses, Rises 2.9% in New York

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.

Silver Prices Fall Below $18/oz, Plunging with Other Commodities

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 [...]

Silver Surges for Second Week, Topping $18/oz

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. dollar. [...]

Silver Weekly Prices Surge 5.8% in N.Y. and 5.0% in London, Soars in March

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 8.6% [...]

Silver Prices Fall in Fourth Week of March

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 [...]

Silver Prices Remain Mostly Unchanged in Third Week of March

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 [...]

Silver Prices Soften in Second Week of March

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

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

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

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 [...]

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