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Silver Market Update

Saturday, 21 March 2015


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May silver SIK5, +3.79%  jumped 76.9 cents, or 4.8%, to end at $16.883 an ounce, with prices around 9% higher for the week.

May copper HGK5, +3.42%  added 10.1 cents, or 3.8%, to $2.761 a pound—up roughly 3.5% for the week.

Gasoline Market Update


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Nymex April gasoline RBJ5, +0.82% rose 2.4 cents, or 1.3%, to $1.798 a gallon, up 2% for the week. April heating oil HOJ5, +0.36%  ended at $1.734 a gallon, up 1.2 cents, or 0.7%, with prices up 1.2% for the week.


Gas Market Update


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April natural gas NGJ15, -1.03%  fell 2.7 cents, or 1%, to $2.786 per million British thermal units after earlier tapping a high of $2.919 on the back of gains in oil. Prices were up roughly 2.2% for the week.


Oil futures score first weekly gain in over a month


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Crude-oil futures rallied Friday as a drop in the U.S. dollar and another decline in U.S. rig counts helped prices score their first weekly gain in five weeks.

April CLJ5, +4.34% which expired at the close Friday, settled at $45.72 a barrel, up $1.76, or 4%. Crude for May CLK5, +2.02%  delivery, which became the front month, tacked on $1.04, or 2.3%, to $46.57 a barrel.


Gold scores a gain of nearly 3% for the week


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Gold futures climbed for a third straight session on Friday to tally a weekly gain of nearly 3% as a sharp drop in the U.S. dollar buoyed investment demand.

Gold for April delivery GCJ5, +1.09%  on Comex rose $15.60, or 1.3%, to settle at $1,184.60 an ounce. Prices scored weekly gain of 2.8%, based on the most-active contracts. They settled at their highest level since March 5.


 

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