US Silver Price Drops 2% After Short Rise

The price of US silver fell two percent on June 14, 2012 to $28.48 per ounce, making it the day’s biggest mover. The price of Indian silver rose by 0.5 percent to INR 54,789 ($985) per kilogram. Japanese silver finished the day up 0.1 percent to JPY 736.00 ($9.24) per 10 grams. The price of Chinese silver showed little movement on Thursday at CNY 6,070 ($955) per kilogram.

After a 0.8 percent increase, Indian gold bullion finished the day at INR 30,028 ($540) per 10 grams. Chinese gold bullion prices inched up 0.5 percent to CNY 331.70 ($52.23) per gram. The price of Japanese gold bullion increased 0.4 percent to JPY 4,132 ($51) per gram. The price of US gold bullion was unchanged at $1,543 per ounce.

PGMs, meanwhile, saw mixed closing price results.

Japanese platinum bar saw its price rise 1.5 percent to JPY 3,774 ($47) per gram. US platinum bar gained 0.9 percent to finish at $1,479 per ounce. At CNY 318.50 ($50.15), the price of Chinese platinum bar finished the market day up 0.5 percent per gram.

The price of Chinese palladium bar fell 0.7 percent to CNY 149.00 ($23.46) per gram. The price of Japanese palladium bar remained essentially flat at JPY 1,596 ($20) per gram. The price of US palladium bar remained steady at $624.00 per ounce.

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