Global Precious Metals MMI®: 5.8% Decrease for Japanese Silver

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The biggest mover this week was Japanese silver with a 5.8 percent fall on the weekly Global Precious Metals MMI®, to close the week down.

Closing out the third week of declining prices, the price of US silver dropped by 5.2 percent. Following a 0.2 percent increase in the week prior, the price of Chinese silver fell 4.8 percent last week. Indian silver weakened by 3.1 percent.

today's metal prices - MetalMiner IndXThe price of US gold bullion fell 3.4 percent after rising 0.2 percent the week before. Following a 0.3 percent increase in the week prior, the price of Chinese gold bullion fell 3.3 percent last week. The price of Japanese gold bullion fell 2.7 percent after rising 0.5 percent the week before. Following a 0.9 percent increase in the week prior, the price of Indian gold bullion fell 1.9 percent last week.

The price of Chinese platinum bar fell 2 percent after rising 2.2 percent the week before. Following a 2.3 percent increase in the week prior, the price of US platinum bar fell 1.9 percent last week. The price of Japanese platinum bar fell 0.5 percent after rising 1.1 percent the week before.

The price of Japanese palladium bar rose 0.9 percent after falling 1.3 percent during the previous week. Following a 0.5 percent increase in the week prior, the price of Chinese palladium bar fell 0.5 percent last week. The price of US palladium bar rose 0.3 percent this week, closing out the fifth consecutive week of elevating prices.

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.