Silver Coin Melt Values Slide for Tenth Straight Month in July

Silver Coin Melt Values in July 2013 continued a depressing trend of lower monthly averages that go back now for a total of ten months. The US silver coin melt values have not posted a monthly average gain since September of 2012.

This negative news comes despite the fact that the associated precious metal actually closed out the month higher in July than it had in June. Still, those end of month gains were not enough to overcome the weak market place activity shown earlier in July.

2013 White Mountain National Forest 5 Oz Silver Uncirculated Coin

US Silver Coin Melt Values (such as the White Mountain Five Ounce Silver Uncirculated Coin) Marked Their Tenth Straight Month of Declining Averages

For July 2013, the average London Fix for Silver came in at $19.71 an ounce. The average for the previous month of June was much higher at $21.11 per ounce. This equates to a difference of $1.40 an ounce, or a drop of 6.7%.

Were one to look just at the end of the month numbers, the picture would be much brighter. The London Fix for Silver closed out June at $18.86 an ounce on the 28th of the month. July, however, closed much higher at $19.94 an ounce on the 31st. The math here shows the precious metal jumping up $1.08, or a gain of 5.7%.

The difference between the end of the month figures and their averages can be partially attributed to the fact that the last day of June and the first days of July were still recovering from the lowest Fix seen for silver for the year to date. That 2013 low was set on the 27th of June and came in at $18.61 an ounce.

The chart below shows the average London Fix for Silver for the last several months. It also shows the dollar change per ounce and the percentage increase or decrease from the previous period.

Average Monthly London Fix for Silver Comparison

 
Average London Fix
for Silver
$ Change
% Change
July 2013
$19.71
-$1.40
-6.7%
June 2013
$21.11
-$1.90
-8.3%
May 2013
$23.01
-$2.19
-8.7%
April 2013
$25.20
-$3.60
-12.5%
March 2013
$28.80
-$1.53
-5.0%
February 2013
$30.33
-$0.78
-2.5%
January 2013
$31.11
-$0.85
-2.7%
December 2012
$31.96
-$0.81
-2.5%
November 2012
$32.77
-$0.42
-1.3%
October 2012
$33.19
-$0.42
-1.2%
September 2012
$33.61
+$4.91
+17.1%
August 2012
$28.70
+$1.27
+4.6%
July 2012
$27.43
-$0.62
-2.2%
June 2012
$28.05
-$0.62
-2.2%

 

At the close of July, the silver market and associated melt values were down significantly from their 2013 high. That high currently is held by January 23rd with a fix of $32.23 an ounce. The difference between that high and the Fix on the 31st of July is $12.29 an ounce, down 38.1%.

For comparison, an America the Beautiful 5 Oz. Silver Coin which contains five ounces of .999 fine silver had an approximate melt value of $161.15 on the 23rd of January with the melt value falling to just $99.70 by the end of July.

Silver Coin Melt Values offers routinely updated silver market information and related melt values.

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