Gold and silver prices finished the week falling despite some gains they had during the week. There is still no clear trend for gold and silver prices as the financial market still awaiting news that will stir up the market and push gold and silver prices on a path.
Here is a short review of the changes in gold and silver prices during the week of June 6th to 10th 2011:
Precious Metals Prices weekly summary:
*This figure is calculated based on the percent change from the price at the beginning of the week compare to end of the week
Gold price decreased by 1.16% during the week; gold’s average price during the week was $1,540 /t. oz which is 0.1% above the previous week’s average price of $1,538 /t. oz.
Silver price also declined by 1.24% from beginning to end, and this week’s average price was $36.84/t oz or 0.7% below the previous week’s average $37.10/t oz.
During the week, the average daily percent change of gold price fell by 0.17%; silver price inclined on a daily scale by an average of 0.09%.
In the chart below are the silver and gold prices that were normalized to 100 to the price at the beginning of the week – June 6th. It presents the trend of these precious metals prices.
The chart shows that gold price had a downward trend; silver price finished the week below the price level it started even though during the week it also inclined.
The last chart is of the daily percent changes of silver and gold prices during last week (i.e. the changes around the trend). The graph shows that gold prices moderately changed around the 0% mark; while silver prices zigzagged as well but at higher rates.
For further reading (in this site):
Previous issues of weekly report:
- Gold and Silver seeking direction – weekly recap 31 May- 3 June
- Gold and Silver keep on rising – weekly recap 23-27 May