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Silver Loses 7.5% on the Week, but Rises 5.6% in Feb.

February 28, 2009 by · Leave a Comment 

For the first week in six, London silver ended lower as it plunged below $14 an ounce on Wednesday and it continued to fall through Friday. Silver lost $1.07, or 7.49 percent, on the week to end at $13.21 an ounce.

In more cheerful news, silver ended the month of February on a high, rising 5.6 percent over its close of $12.51 on Jan. 30.

Silver did pick up steam in New York later Friday, as futures for March delivery climbed 13.5 cents, or 1%, to $13.085 an ounce. However, New York silver also ended the week down, falling $1.405, or 9.7 percent, from the $14.49 close on Friday, Feb. 20.

The following tables list precious metal prices from Friday PM to Friday PM:


Read the rest of Silver Loses 7.5% on the Week, but Rises 5.6% in Feb. (267 words)

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