Silver extended gains and hit a high of $32.42 an ounce

Silver extended gains and hit a high of $32.42 an ounce, its strongest level since early December. U.S. Mint data showed sales of silver American Eagles totaled 5.3 million ounces on Friday, on pace to surpass its record high of 6.4 million ounces set in January 2011.

Platinum and palladium — both used in auto catalysts — tracked gold and equities higher.

Japan’s Nikkei share average edged higher on Monday, extending gains for the fifth straight session, although the failure over the weekend of Greece and its private creditors to reach a deal to avoid a default limited its advance. .T

In the energy market, U.S. crude futures fell to the lowest in more than a month in early Asian trade on Monday on concerns over demand growth.

Precious metals prices 0237 GMT

Metal Last Change Pct chg YTD pct chg Volume

Spot Gold 1667.99 10.23 +0.62 6.66

Spot Silver 32.28 0.13 +0.40 16.58

Spot Platinum 1530.74 -0.01 -0.00 9.89

Spot Palladium 676.47 2.97 +0.44 3.67

COMEX GOLD FEB2 1668.50 4.50 +0.27 6.49 4334

COMEX SILVER MAR2 32.31 0.64 +2.00 15.74 2006

Euro/Dollar 1.2898

Dollar/Yen 77.06

COMEX gold and silver contracts show the most active months

Tags: price of silver, Silver, silver analysis, silver futures, silver futures prices, silver news, silver price, silver prices, silver spot, spot silver

Posted by Silver Guru on Jan 23 2012. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry