Global Precious Metals MMI®: US Silver Price Falls Fifth Week in a Row

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The biggest mover on the weekly Global Precious Metals MMI® was the price of US silver, which saw a 9.9 percent decline. Last week marked the fourth in a row of declining prices for the metal.

The price of Chinese silver fell 7.8 percent over the past week. This was the fourth week in a row of declining prices. The price of Japanese silver rose 1.6 percent after falling 14.5 percent during the previous week. The price of Indian silver fell 1.5 percent over the past week. This was the third week in a row of declining prices.

today's metal prices - MetalMiner IndXThe price of US gold bullion fell 4.8 percent over the past week. This was the third week in a row of declining prices. The price of Japanese gold bullion fell 0.5 percent over the past week. This was the fourth week in a row of declining prices. The price of Indian gold bullion rose 0.4 percent after falling 9.8 percent during the previous week. The week finished with no movement for Chinese gold bullion.

Closing out the third week of declining prices, the price of US platinum bar dropped by 4.0 percent. The price of Chinese platinum bar finished the week down 3.5 percent. The price of Japanese platinum bar fell 0.7 percent over the past week. This was the third week in a row of declining prices.

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The price of Japanese palladium bar fell 6.5 percent over the past week. This was the third week in a row of declining prices. The price of US palladium bar dropped 4.3 percent this week, closing out the third consecutive week of falling prices. The price of Chinese palladium bar fell 0.6 percent over the past week. This was the third week in a row of declining 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.

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