Silver Set Melt Values Realize Small Weekly Gain

A marginal increase in the silver market this week helped Silver Set Melt Values to rise accordingly. This marks the second week in a row that the market has realized gains based on the Friday to Friday London Fix.

Comparing to the Fix seven days ago, silver rose 0.8%. This was approximately the same increase seen by the precious metal last week which was the first weekly increase realized by the precious metal after three straight weeks of declines. For the record, the London Fix for Silver for today was $32.16 an ounce.

Precious Metals Prices
November 9, 2012
London Fix
Weekly Change
Gold
1,738.25
+$53.25
+3.2%
Silver
$32.16
+$0.24
+0.8%
Platinum
$1,559.00
+$7.00
+0.5%
Palladium
$612.00
+$4.00
+0.7%

 

It was a solid week overall for all four of the precious metals shown in the chart above. Leading the pack was gold which came in with a 3.2% increase based on the $53.25 an ounce jump for the week. Following gold was silver with its aforementioned 0.8% climb and palladium which trailed slightly with a 0.7% increase. Platinum rounds out the four listed metals with a climb of a half of a percent.

Looking back at silver during the week shows the precious metal Fix hopping up and down. Monday’s Fix came in at $30.91 an ounce, down significantly from the previous Friday’s $31.92. Improvement was seen on Tuesday and Wednesday with the precious metal coming in at $31.14 and $32.14, respectively. It ended down on Thursday with a Fix of $31.70 before climbing again on Friday to $32.16 an ounce.

Comparing this week’s Fix of $32.16 to the 2012 low shows the precious metal up $5.49 an ounce. The low was established on July 12th with a Fix of $26.67 an ounce.

Looking at the 2012 high gives this week’s Fix a negative $5.07 from that high, or a decline of 13.6%. The high was set on February 29th with a Fix of $37.23 an ounce.

The chart below offers current coin melt values based on the Fix for Friday, November 9, 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)
$1.80
$1.81
Barber Dime (1892-1916)
$2.31
$2.33
Mercury Dime (1916-1945)
$2.31
$2.33
Roosevelt Dime (1946-1964)
$2.31
$2.33
Barber Quarter (1892-1916)
$5.77
$5.82
Standing Liberty Quarter (1916-1930)
$5.77
$5.82
Washington Quarter (1932-1964)
$5.77
$5.82
Barber Half Dollar (1892-1915)
$11.55
$11.63
Walking Liberty Half Dollar (1916-1947)
$11.55
$11.63
Franklin Half Dollar (1948-1963)
$11.55
$11.63
Kennedy Half Dollar (1964)
$11.55
$11.63
Kennedy Half Dollar (1965-1970)
$4.72
$4.76
Morgan Dollar (1878-1921)
$24.69
$24.87
Peace Dollar (1921-1935)
$24.69
$24.87
Eisenhower Dollar (1971-1976)
$10.09
$10.17
American Silver Eagle
$31.92
$32.16
America the Beautiful 5 Oz. Silver Coins
$159.60
$160.80

 

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

 

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