Silver Set Melt Values are down in the first few days of August based on weekly London Fix comparisons. Silver shed $0.48 looking at just the Friday to Friday Fix, or a decline of 1.7%.
This drop negates a significant portion of the 2.4% increase realized by the precious metal last week. For reference, the London Fix for Silver for this Friday, August 3, 2012 was $27.25 an ounce.
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Precious Metals Prices
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August 3, 2012
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London Fix
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Weekly Change
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| Gold |
$1,602.00
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-$16.25
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-1.0%
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| Silver |
$27.25
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-$0.48
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-1.7%
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| Platinum |
$1,390.00
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-$20.00
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-1.4%
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| Palladium |
$573.00
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-$1.00
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-0.2%
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As shown in the chart above, all four precious metals listed saw declines for the week. Hardest hit among the four metals was silver with its aforementioned 1.7% drop. It was followed by platinum with a 1.4% decline, then gold which shed an even 1%. Least affected among the four was palladium which only dropped $1 for the week, or 0.2%.
Looking more closely at just silver shows the precious metal actually indicated some strength earlier in the week. It did start Monday off with a decline of $0.09 from the previous Friday’s Fix of $27.73 an ounce, but followed that small decrease with an admirable jump up to $28.20 on Tuesday. That gain was cut hard on Wednesday when the Fix came in at $27.87 and completely eroded (and then some) by Thursday which had a Fix of $27.42. The precious metal dropped even further on Friday with a Fix of $27.25.
Friday’s Fix now places the precious metal up just $0.58 from the 2012 low of $26.67 established last month on July 12th. This equates to being up just 2.2% from that low.
Looking at the opposite end of the spectrum shows silver down significantly from the 2012 high established on February 29th with a London Fix of $37.23. Calculating it out shows the precious metal down almost $10 from that high (actually $9.98) or 26.8%.
The chart below offers current coin melt values based on the Fix for Friday, August 3, 2012, and a comparison to those values based on last week’s silver price.
Weekly Silver Coin Melt Value Comparisons
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SILVER COIN
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Last Week’s Silver Melt Value
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This Week’s Silver Melt Value
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| Jefferson Nickel (1942-1945) |
$1.56
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$1.53
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| Barber Dime (1892-1916) |
$2.01
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$1.97
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| Mercury Dime (1916-1945) |
$2.01
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$1.97
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| Roosevelt Dime (1946-1964) |
$2.01
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$1.97
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| Barber Quarter (1892-1916) |
$5.01
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$4.93
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| Standing Liberty Quarter (1916-1930) |
$5.01
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$4.93
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| Washington Quarter (1932-1964) |
$5.01
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$4.93
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| Barber Half Dollar (1892-1915) |
$10.03
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$9.86
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| Walking Liberty Half Dollar (1916-1947) |
$10.03
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$9.86
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| Franklin Half Dollar (1948-1963) |
$10.03
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$9.86
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| Kennedy Half Dollar (1964) |
$10.03
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$9.86
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| Kennedy Half Dollar (1965-1970) |
$4.10
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$4.03
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| Morgan Dollar (1878-1921) |
$21.45
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$21.08
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| Peace Dollar (1921-1935) |
$21.45
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$21.08
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| Eisenhower Dollar (1971-1976) |
$8.77
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$8.61
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| American Silver Eagle |
$27.73
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$27.25
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| America the Beautiful 5 Oz. Silver Coins |
$138.65
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$136.25
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Silver Coin Melt Values offers routinely updated silver market information and related melt values.