The Friday Metals 06112010

Another interesting week with the metals. Take a look at the charts. Isn’t it interesting that the metals did not follow similar paths?

Gold climbed to a new high but then dropped back. Silver did some climbing, dipping back and started upward again. The less notorious metals, platinum and palladium, decided to do some climbing with only minor dips during the week.

Let’s look at the end of the week charts showing the last 30 days’ performance.

First, there’s gold:

30 Day Gold Performance 6-11-2010

Next, let’s look at silver:

30 Day Silver Performance 6-11-2010

And, the white metal, platinum:

30 Day Platinum Performance 6-11-2010

Then, there’s palladium:

30 Day Palladium Performance 6-11-2010

But, what about the numbers? (Note: this information was pulled at roughly 6 pm Eastern time.)

  30 day high 30 day low Jun 11 Last Difference between
High and Low
Gold $1,248.00 $1,177.00 $1,227.50 5.7%
Silver $19.64 $17.36 $18.22 11.6%
Platinum $1,737.00 $1,492.00 $1,539.00 14.1%
Palladium $543.00 $415.00 $447.00 23.6%


How does the NY close today, 6/11, compare to the close last Friday, 6/4?

  Jun 04 Last Jun 11 Last Percent Change
Gold $1,220.00 $1,227.50 0.6%
Silver $17.41 $18.22 4.7%
Platinum $1,511.00 $1,539.00 1.9%
Palladium $425.00 $447.00 5.2%


In absolute dollars, platinum had the biggest Friday to Friday gain at $28, but palladium’s $22 gain represented the biggest percentage increase of the four metals at 5.2% during the week.

With the economic and political negativity, here and around the world, who knows what next week may bring.

But, the metals’ performance continues to be intriguing and interesting to watch.