The last monthly coin show of the year 2010 occurred on Sunday, December 12. We thought it would be interesting to look back at the metal prices on the Friday before each of the shows. (We’re including March for the continuity of the graphics even though the show had to be cancelled.)
First, there’s gold:
Next is silver:
Platinum is next:
Last is palladium:
Of course, these graphs only show twelve points in time, but they do illustrate the upward trends for all of the metals. But, they don’t show all the peaks and valleys throughout the year, nor do they show the highest and lowest points.
Take a look at the values in table form:
| Market Close Values on the Friday Before the Sunday Show | ||||
| Gold | Silver | Platinum | Palladium | |
| 17-Jan | $1,130.00 | $18.39 | $1,600.00 | $453.00 |
| 14-Feb | $1,092.40 | $15.51 | $1,512.00 | $415.00 |
| 14-Mar | $1,101.50 | $17.07 | $1,605.00 | $461.00 |
| 11-Apr | $1,161.40 | $18.39 | $1,721.00 | $511.00 |
| 23-May | $1,177.00 | $17.64 | $1,505.00 | $434.00 |
| 13-Jun | $1,227.50 | $18.31 | $1,539.00 | $447.00 |
| 11-Jul | $1,211.40 | $18.15 | $1,530.00 | $457.00 |
| 8-Aug | $1,205.70 | $18.46 | $1,571.00 | $489.00 |
| 12-Sep | $1,246.70 | $19.88 | $1,540.00 | $518.00 |
| 10-Oct | $1,347.00 | $23.22 | $1,704.00 | $584.00 |
| 14-Nov | $1,368.80 | $26.04 | $1,666.00 | $676.00 |
| 12-Dec | $1,385.80 | $28.68 | $1,679.00 | $739.00 |
| % Increase Jan to Dec | 22.6% | 56.0% | 4.9% | 63.1% |
The bottom row shows the percentage differences from the Friday before the January show to the Friday before the December show.
Just look at those differences. Hindsight being 20/20, wouldn’t it be great to have purchased quantities of silver and palladium back in January?
Silver increased 56% and palladium 63%.
Frequently gold gets the majority of the media attention whether it is main stream media or the investment media. Looking at those percentage increases, silver achieved a much better increase over gold’s 22% and is frequently much easier to find.
Wonder what 2011 will bring to the metals’ market?
Some pundits think silver will continue to at least the $40 mark. Will it? Who really knows for sure…
With palladium, it’s a cheaper metal than platinum and can be used almost interchangebly in many industrial applications. Will palladium continue to grow?
Regardless, the metals certainly provide an entertainment factor as they go up and down.