Silver Set Melt Values Realize Second Straight Weekly Increase

Silver once again had a very good week in the market and brought Silver Set Melt Values up along with it. The precious metal rose $1.15 an ounce based on the Friday to Friday London Fix.

This resulted in a gain of 3.7% from where the precious metal stood just seven days ago. Last week, silver rose by 4.6%. The London Fix for Silver for today, January 18, 2013 was $31.82 an ounce.

Precious Metals Prices
January 18, 2013
London Fix
Weekly Change
Gold
1,688.50
+$31.00
+1.9%
Silver
$31.82
+$1.15
+3.7%
Platinum
$1,677.00
+$51.00
+3.2%
Palladium
$722.00
+$28.50
+4.1%

 

Increases were also seen in other precious metals as the chart above shows. Like silver, this marks the second week in a row in which the precious metal market realized significant gains. Leading the increases this week was palladium which increased by 4.1% followed by silver’s 3.7% bump. Next was platinum which grew by 3.2% and then gold which increases a very respectable 1.9%.

Silver’s growth this week was a relatively slow and steady process with each day building on the gains from the previous day. Monday’s Fix came in at $30.76 an ounce, up $0.09 from the previous Friday’s $30.67. On Tuesday, the Fix came in at $31.19 with Wednesday increasing to $31.23. On Thursday it jumped to $31.50 an ounce before another increase to today’s $31.82.

This Friday’s Fix of $31.82 is now the official 2013 high. For comparison purposes, however, that Fix is still down significantly from last year’s high set on February 29th of $37.23 an ounce.

Still, the current condition of the market is showing promise as today’s Fix is up $2.50 from the 2013 low set earlier this month on the 2nd. Doing the math shows today’s Fix up an impressive 8.5% from that low.

The chart below offers current coin melt values based on the Fix for Friday, January 18, 2013, 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)
$1.73
$1.79
Barber Dime (1892-1916)
$2.22
$2.30
Mercury Dime (1916-1945)
$2.22
$2.30
Roosevelt Dime (1946-1964)
$2.22
$2.30
Barber Quarter (1892-1916)
$5.55
$5.75
Standing Liberty Quarter (1916-1930)
$5.55
$5.75
Washington Quarter (1932-1964)
$5.55
$5.75
Barber Half Dollar (1892-1915)
$11.09
$11.51
Walking Liberty Half Dollar (1916-1947)
$11.09
$11.51
Franklin Half Dollar (1948-1963)
$11.09
$11.51
Kennedy Half Dollar (1964)
$11.09
$11.51
Kennedy Half Dollar (1965-1970)
$4.54
$4.71
Morgan Dollar (1878-1921)
$23.72
$24.61
Peace Dollar (1921-1935)
$23.72
$24.61
Eisenhower Dollar (1971-1976)
$9.69
$10.06
American Silver Eagle
$30.67
$31.82
America the Beautiful 5 Oz. Silver Coins
$153.35
$159.10

 

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

 

Speak Your Mind

*

 

Copyright © 2013 MADU Enterprises LLC.

Content of SilverCoinMeltValues.net including all material and calculators is offered for informational purposes only and should not be construed as investment or financial advice of any sort. As such, MADU Enterprises LLC will not be liable for any errors, inaccuracies, omissions or potential financial loss or damages incurred by its use. Due diligence on the part of the reader should be undertaken before any financial decisions are made to avoid economic loss. No portion of SilverCoinMeltValues.net may be reproduced or copied without previous written permission. MADU Enterprises LLC reserves the right to change these terms at any time.