Silver, Platinum and Palladium Futures

LONDON (July 14) Other precious metals rallied on the week as well, logging a bit higher gains than gold with silver up 5.6%, platinum surging 6.1% and palladium jumping 6.7%. As for Friday and their end of week closings, the breakdowns are:

  • Silver for September delivery declined 16.4 cents, or 0.8% to settle at $19.79 an ounce.

  • After dipping 50 cents in the prior session, October platinum dipped 70 cents to settle at $1,406.90 an ounce.

  • Palladium logged a fifth consecutive day of increases with September futures up $4.70, or 0.7%, to $722.90 an ounce.

Weekly increases in silver and platinum pared their year-to-date losses which now total 34.5% for silver and 8.8% for platinum. And palladium this week moved into the black for the year, up 2.8%.

London Fix Precious Metals

London precious metals split Friday but soared for the week. When comparing the Thursday PM to Friday PM London Fix prices:

  • Gold declined $5.25, or 0.4%, to $1,279.75 an ounce,
  • Silver fell 19 cents, or 1%, to $19.66 an ounce,
  • Platinum edged up $2, or 0.1%, to $1,403 an ounce, and
  • Palladium lost $7.50, or 1%, to $716 an ounce

The broad weekly gains accumulated to 5.5% for gold, 1.8% for silver, 5.7% for platinum and 7% for palladium.