Silver Set Melt Values Start December With Weekly Decrease of 4.2%

After a five-week run of increases, Silver Set Melt Values realized their first weekly decrease as the precious metal shed 4.2%. The drop is based on the Friday to Friday London Fix for Silver.

Based on that Fix, the precious metal shed $1.43 this week which marked the first weekly decrease seen in the precious metal since October 26th. The London Fix for Silver for today, December 7, 2012 was $32.85 an ounce.

Precious Metals Prices
December 7, 2012
London Fix
Weekly Change


As shown in the chart above, silver was not the only precious metal to realize a weekly decline. Its drop of 4.2%, however, was the largest decrease of the four metals shown. Following silver was gold with a decline of 1.4% and then platinum which lost just 0.7%. Palladium realized a gain for the week with an increase of 1.9%.

Focusing back on silver shows the metal realizing decreases daily for most of the week. Monday’s Fix was $33.42 an ounce, down from the previous Friday’s $34.28. Tuesday dropped further to $33.30 followed by another drop on Wednesday to $33.07. The final decrease for the week came on Thursday with a Fix of $32.83 with a small increase on Friday to the aforementioned $32.85 an ounce.

With a Fix of $32.85, the precious metal is up $6.18 from the 2012 low established on July 12th. That low was $26.67 giving this Friday’s Fix a positive 23.2% over that low.

On the flip side, silver is now down $4.38 from the 2012 high set on February 29th of $37.23. That difference equates to a negative 11.8%.

The chart below offers current coin melt values based on the Fix for Friday, December 7, 2012, and a comparison to those values based on last week’s silver price.

Weekly Silver Coin Melt Value Comparisons

Last Week’s Silver Melt Value
This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
Barber Dime (1892-1916)
Mercury Dime (1916-1945)
Roosevelt Dime (1946-1964)
Barber Quarter (1892-1916)
Standing Liberty Quarter (1916-1930)
Washington Quarter (1932-1964)
Barber Half Dollar (1892-1915)
Walking Liberty Half Dollar (1916-1947)
Franklin Half Dollar (1948-1963)
Kennedy Half Dollar (1964)
Kennedy Half Dollar (1965-1970)
Morgan Dollar (1878-1921)
Peace Dollar (1921-1935)
Eisenhower Dollar (1971-1976)
American Silver Eagle
America the Beautiful 5 Oz. Silver Coins


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


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