During last week, gold prices didn’t change in a consist pattern and started off the week with falls; in the middle of the week they showed some strength, and finally at the end of the week finished with moderate falls; in a similar manner silver prices also showed an inconsistent pattern during the week, as appose to the previous week, in which silver prices increased nearly throughout the entire week.
Let’s see the main changes for these precious metals prices for the week ending on April 1st:
Precious Metals Prices weekly summary:
The following table summarizes the main descriptive figures of gold and silver prices:
*This figure is calculated based on the percent change from the price at the beginning of the week compare to end of the week
During last week, Gold price rose by 0.53% from beginning to end; this week’s average price of 1,426 USD /t. oz was 0.33% below the previous week’s average of 1,431 USD /t. oz.
Silver price continued to outperform gold price and increased by 1.74% from beginning to end, and increased by 1.8% from this week’s average price of 37.44/$/t oz., compared to the previous week’s 36.78$/t oz.
On an average daily basis, gold price inclined by 0.02% during the week; silver inclined by 0.37%.
During March gold prices rose by nearly 0.6%, while silver prices increased by 10.1%.
The prices of silver and gold chart below are normalized to 100 to the price at the beginning of the week – March, 28th.
The graph shows how both these precious metals’ prices had a moderate upward trend.
In the last chart are the daily percent changes of silver and gold prices during last week. It shows how gold and silver prices had inconsistent fluctuations on a daily basis throughout the day.
For further reading (in this site):
- Gold & Silver Prices Outlook – 30 March
- 4 reasons silver outperformed gold in 2011 – 29 March
- Gold Prices Outlook for 2011 and Analysis of 2010
Previous issues of weekly report:
- Gold & Silver Prices continue their rally –21-25 March
- Gold & Silver Prices started weak and finished strong –14-18 March
- Gold & Silver Prices zigzagged all week – weekly recap 7-11 March