Strong Silver Coin and Bar Demand From India and U.S.

Today’s AM fix was USD 1,335.75, EUR 989.59 and GBP 827.30 per ounce.
Friday’s AM fix was USD 1,321.50, EUR 978.45 and GBP 822.03 per ounce.

Gold climbed$12.30 or 0.93% Friday, closing at $1,336/oz. Silver rose $0.02 or 0.05%, closing at $21.72. Gold rose 0.81% while silver slid 0.09% for the week.

Gold moved to its highest level in over a week, on investor jitters that the U.S. government may close down because of a budget stalemate that has increased the yellow metal’s safe haven demand. Today is the final day that the U.S. Congress has left to end the crisis which would be the first government shutdown in 17 years.

 

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