Weekly Global Precious Metals Index: China Silver Price Falls

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The biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese silver, which saw a 3.1 percent decline. This comes on the heels of a 0.2 percent increase the week before.

today's metal prices - MetalMiner IndXUS silver prices were off slightly, down about a dollar from a week ago. The price of Japanese silver fell 2.6 percent over the past week. This was the fourth week in a row of declining prices. The price of Indian silver declined 2.3 percent over the past week.

The price of Chinese gold bullion fell 2.1 percent over the past week. This was the third week in a row of declining prices. Japanese gold bullion closed out the week after a 1.3 percent decline. Indian gold bullion fell 1 percent over the past week. US gold bullion remained unchanged for the week.

Chinese platinum bar saw a 0.3 percent decline over the past week. The price of Japanese platinum bar rose 0.3 percent after falling 3.9 percent during the previous week. The price of US platinum bar fell 0.1 percent over the past week. This was the fourth week in a row of declining prices.

The price of US palladium bar rose 2.3 percent after falling 4.6 percent during the previous week. The price of Japanese palladium bar rose 0.5 percent after falling 5 percent during the previous week. Chinese palladium bar remained essentially flat from the previous week.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

 

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