Silver Ends Last Full Week of July Up 2.4%

Silver Coin Melt Values ended the week up as they were brought higher by a silver market that showed some improvement. The precious metal weekly increase ended at a positive 2.4% based on Friday to Friday comparisons.

The increase comes after last weeks 1.5% drop which itself followed a slight 0.6% increase from the week before. For reference, the London Fix for Silver for this Friday, July 27, 2012 was $27.73 an ounce.

Precious Metals Prices
July 27, 2012
London Fix
Weekly Change
Gold
$1,618.25
+$42.00
+2.7%
Silver
$27.73
+$0.66
+2.4%
Platinum
$1,410.00
+$2.00
+0.1%
Palladium
$574.00
-$3.00
-0.5%

 

Of the four precious metals shown above, three of them showed increases for the week. The only decline was palladium which dropped a half of a percent. The three increases were led by gold with its 2.7% jump, followed by silver’s 2.4% and finally platinum’s slight increase of 0.1%.

Focusing on silver shows the precious metal started the week off down with Monday’s Fix of $26.95 compared to the previous Friday’s $27.07. Silver slid a few more cents to $26.93 on Tuesday before Wednesday’s respectable jump to $27.11. Thursday showed much stronger gains with $27.81 an ounce before Friday’s Fix of $27.73.

The 2012 low is still held by July 12th with its London Fix of $26.67. Comparing that low to this Friday’s Fix shows the precious metal up just $1.06 from that low, or 4.0%.

Comparing to the 2012 high paints a much bleaker picture. The high was established on February 29th with a Fix of $37.23. This means this Friday’s Fix is down $9.50 from that high, or 25.5%.

The chart below offers current coin melt values based on the Fix for Friday, July 27, 2012, and a comparison to those values based on last week’s silver price.

Weekly Silver Coin Melt Value Comparisons

SILVER COIN
Last Week’s Silver Melt Value
This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.52
$1.56
Barber Dime (1892-1916)
$1.96
$2.01
Mercury Dime (1916-1945)
$1.96
$2.01
Roosevelt Dime (1946-1964)
$1.96
$2.01
Barber Quarter (1892-1916)
$4.90
$5.01
Standing Liberty Quarter (1916-1930)
$4.90
$5.01
Washington Quarter (1932-1964)
$4.90
$5.01
Barber Half Dollar (1892-1915)
$9.79
$10.03
Walking Liberty Half Dollar (1916-1947)
$9.79
$10.03
Franklin Half Dollar (1948-1963)
$9.79
$10.03
Kennedy Half Dollar (1964)
$9.79
$10.03
Kennedy Half Dollar (1965-1970)
$4.00
$4.10
Morgan Dollar (1878-1921)
$20.94
$21.45
Peace Dollar (1921-1935)
$20.94
$21.45
Eisenhower Dollar (1971-1976)
$8.56
$8.77
American Silver Eagle
$27.07
$27.73
America the Beautiful 5 Oz. Silver Coins
$135.35
$138.65

 

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

 

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