China Silver Price Shoots Up on Weekly Precious Metals Index

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The biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese silver, which saw a 6.8 percent increase. This comes on the heels of a 4.3 percent decline the week prior.

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The price of US silver rose 5.4 percent after falling 3.9 percent during the previous week. Japanese silver rose 3.1 percent over the past week. Following a 2.3 percent increase in the week prior, the price of Indian silver fell 1.5 percent last week.

The price of US gold bullion rose 5.0 percent after falling 0.9 percent during the previous week. A 4.3 percent jump caught the week’s heaviest change for Chinese gold bullion. Japanese gold bullion gained a slight 3.0 percent this past week. Indian gold bullion rose 0.6 percent over the past week.

The price of US platinum bar rose 6.3 percent after falling 1.2 percent during the previous week. The price of Chinese platinum bar rose 5.7 percent after falling 0.4 percent during the previous week. Over the past week, Japanese platinum bar rose 3.3 percent.

PGM Prices Rising

One of the big movers this week was Japanese palladium bar, which shot up 6.6 percent. With a 6.2 percent climb, Chinese palladium bar claimed the week’s largest gain. US palladium bar closed last week after a 5.7 percent rise in price.

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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.