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
Gold
1,701.50
-$24.50
-1.4%
Silver
$32.85
-$1.43
-4.2%
Platinum
$1,600.00
-$12.00
-0.7%
Palladium
$698.00
+$13.00
+1.9%

 

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

SILVER COIN
Last Week’s Silver Melt Value
This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.93
$1.85
Barber Dime (1892-1916)
$2.48
$2.38
Mercury Dime (1916-1945)
$2.48
$2.38
Roosevelt Dime (1946-1964)
$2.48
$2.38
Barber Quarter (1892-1916)
$6.20
$5.94
Standing Liberty Quarter (1916-1930)
$6.20
$5.94
Washington Quarter (1932-1964)
$6.20
$5.94
Barber Half Dollar (1892-1915)
$12.40
$11.88
Walking Liberty Half Dollar (1916-1947)
$12.40
$11.88
Franklin Half Dollar (1948-1963)
$12.40
$11.88
Kennedy Half Dollar (1964)
$12.40
$11.88
Kennedy Half Dollar (1965-1970)
$5.07
$4.86
Morgan Dollar (1878-1921)
$26.51
$25.41
Peace Dollar (1921-1935)
$26.51
$25.41
Eisenhower Dollar (1971-1976)
$10.84
$10.38
American Silver Eagle
$34.28
$32.85
America the Beautiful 5 Oz. Silver Coins
$171.40
$164.25

 

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

 

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