Gold gained in Friday trading, but still ended down for the week. The precious metal also posted its worst quarterly loss since at least 1968, down 23%.

Gold futures for July delivery climbed 1% to $1,223.70 per ounce on Friday, according to CME Group. Gold traded as high as $1,229 and as low as $1,179.40. Gold bullion closed in London at $1,231, according to BullionVault.

Silver futures for July delivery surged 5% to $19.45 per ounce. Friday’s high for silver was $19.56 while the low was $18.19.

Gold and silver funds improved in Friday trading.

• The SPDR Gold Trust (GLD) rose 2.8%.
• The iShares Gold Trust (IAU) also climbed 2.8%.
• The iShares Silver Trust (SLV) surged 6%.

Gold and silver mining ETFs rose sharply during the day.

• The Market Vectors Gold Miners ETF (GDX) gained 7.5%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) soared 8.9%.
• The Global X Silver Miners ETF (SIL) increased 9%.

Gold mining shares vaulted higher on Friday.

• Agnico-Eagle Mines (AEM) jumped 8.4%.
• Barrick Gold (ABX) added 6%.
• Eldorado Gold (EGO) advanced 7.8%.
• Goldcorp (GG) surged 8.7%.
• Kinross Gold (KGC) soared 9.9%.
• Newmont Mining (NEM) increased 8.2%.
• NovaGold Resources (NG) gained 9.1%.
• Yamana Gold (AUY) rose 8.1%.

Silver mining shares soared during the day.

• Coeur d’Alene Mines (CDE) gained 9.6%.
• Hecla Mining (HL) climbed 8.4%.
• Pan American Silver (PAAS) advanced 7.1%.
• Silver Wheaton (SLW) climbed 7.5%.
• Silver Standard Resources (SSRI) surged 9.5%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.