US Silver Coin Melt Values Rally After New 2.5 Year Low

New two and a half year lows were set this week by US Silver Coin Melt Values but those lows did not linger long as the precious metal rallied by Friday to even show a gain over last Friday’s London Fix. Before the rally, however, silver slid to $22.91 an ounce.

The precious metal has not been at such a low level since October 8, 2010 when the Fix had fallen to $22.37. For the record, the London Fix for Silver for today, Friday, April 26, 2013 was $24.02 an ounce.

 

Precious Metals Prices
April 26, 2013
London Fix Weekly Change
Gold 1,471.50 +$66.00 +4.7%
Silver $24.02 +$0.36 +1.5%
Platinum $1,483.00 +$58.00 +4.1%
Palladium $681.00 +$4.00 +0.6%

 

Looking at the week, all four of the precious metals shown ended the seven day period in positive territory. Showing the biggest advancement was gold with a $66.00 an ounce gain for a 4.7% bump up. Platinum also broke the 4% mark with an increase of 4.1% with its $58.00 an ounce improvement. Silver’s 1.5% was next in line followed by palladium’s 0.6% rise.

Silver’s daily Fix results slid down towards the middle of the week with gains made at the end. Monday’s Fix was $23.60 an ounce, down from the previous Friday’s $23.66. It fell further on Tuesday to $23.01 with a final slide on Wednesday down to $22.91. Thursday had a Fix that rose slightly to $23.30 with a much larger rally on Friday to $24.02 an ounce.

At $24.02 an ounce, silver is still massively down from its 2013 high set on January 23rd of $32.23. Calculating it out shows this Friday’s Fix is down $8.21 from that high, or -25.5%.

As previously mentioned, Wednesday’s Fix was $22.91. That is the lowest the Fix has been since October 8, 2010 and thus established a new low for this year.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, April 19, 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)
$1.33
$1.35
Barber Dime (1892-1916)
$1.71
$1.74
Mercury Dime (1916-1945)
$1.71
$1.74
Roosevelt Dime (1946-1964)
$1.71
$1.74
Barber Quarter (1892-1916)
$4.28
$434
Standing Liberty Quarter (1916-1930)
$4.28
$4.34
Washington Quarter (1932-1964)
$4.28
$4.34
Barber Half Dollar (1892-1915)
$8.56
$8.69
Walking Liberty Half Dollar (1916-1947)
$8.56
$8.69
Franklin Half Dollar (1948-1963)
$8.56
$8.69
Kennedy Half Dollar (1964)
$8.56
$8.69
Kennedy Half Dollar (1965-1970)
$3.50
$3.55
Morgan Dollar (1878-1921)
$18.30
$18.58
Peace Dollar (1921-1935)
$18.30
$18.58
Eisenhower Dollar (1971-1976)
$7.48
$7.59
American Silver Eagle
$23.66
$24.02
America the Beautiful 5 Oz. Silver Coins
$118.30
$120.10

 

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

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