The Friday Metals 09-16-2011

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The metals go down then up then down and back up. Two of the metals followed a similar up and down pattern with the other two metals’ movement being only slightly different. 

Let’s take a look.

First, there’s gold:

30 Day Gold Performance 09-16-2011

Next is silver:

30 Day Silver Performance 09-16-2011

Third is platinum:

30 Day Platinum Performance 09-16-2011

Fourth is palladium:

30 Day Palladium Performance 09-16-2011

Gold started the week by continuing downward from the previous Friday. Tuesday saw gold move upward only to fall backward again on Wednesday and Thursday. Ending the week, gold started to climb again, but it didn’t succeed in recovering the week’s losses.  

Like gold, silver continued its fall on Monday with a turnaround on Tuesday. But, on Wednesday silver dropped again and encountered an even sharper drop on Thursday. The end of the week had silver climbing but not enough to recover the week’s losses.

The third metal, platinum, had a slightly different pattern of ups and downs from the gold and silver patterns. It also did not have quite the same degree of growth or fall. On Monday, platinum continued its Friday downward movement. Tuesday’s platinum market saw an increase with another small increase occurring on Wednesday. Thursday’s platinum market fell significantly to a new, recent low point. At the end of the week, platinum started upward and almost, but not quite, recovered the Thursday losses.

Like the other metals, palladium had its ups and downs but in a somewhat different pattern. And like the other metals, palladium started the week down introducing a new, recent low point. On Tuesday, the metal enjoyed a significant increase only to lose part of it on Wednesday. On both Thursday and Friday, palladium’s market value increased almost to the point of recovering the week’s losses.

Let’s look at the new 30-day highs and lows for the four metals:

  30 day high 30 day low Sep 16 Last Difference between
High and Low
Gold $1,900.30 $1,716.50 $1,812.50 9.7%
Silver $43.72 $39.00 $40.66 10.8%
Platinum $1,901.00 $1,783.00 $1,809.00 6.2%
Palladium $786.00 $702.00 $730.00 10.7%


Both platinum and silver have new recent lows that are slightly higher than the low points of last week’s 30-day range. On the other hand, palladium encountered a new recent low point this week that is lower than last week’s value. With the drops in the metals’ markets this past week, none of the metals changed their high values for the date range.

Now for the week over week comparisons:

  Sep 9 Last Sep 16 Last Percent Change Dollar
Gold $1,858.60 $1,812.50 -2.5% -$46.10
Silver $41.38 $40.66 -1.7% -$0.72
Platinum $1,830.00 $1,809.00 -1.1% -$21.00
Palladium $736.00 $730.00 -0.8% -$6.00


All of the metals lost value, but palladium regained the most of its losses at the end of the week.

Of course, the relationship between the gold and platinum values continue to be interesting. This week, platinum’s closing value on each day of the New York market trailed behind gold:

  mon tues wed thu fri
gold $1,814.40 $1,834.20 $1,821.10 $1,789.80 $1,812.50
platinum $1,803.00 $1,811.00 $1,813.00 $1,783.00 $1,809.00


With the economic and political pressures domestically and abroad, the metals will remain volatile for the foreseeable future.

Coins are fun! Check out our new book: Days of Our Coins Volume I.