US Silver Price Sees Large Increase

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With a 5.2 percent increase on Tuesday, July 23, US silver was the biggest mover on the Global Precious Metals MMI®. Chinese silver prices rose 2.4 percent. Indian silver saw its price rise 1.6 percent. The price of Japanese silver held steady.

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US gold bullion gained 3.0 percent. Indian gold bullion prices inched up 1.6 percent. The price of Chinese gold bullion finished the market day up 1.5 percent per gram. After a couple of days of improving prices, the price of Japanese gold bullion held steady.

The price of US platinum bar increased 1.1 percent. After a 1.0 percent increase, Chinese platinum bar finished the day higher. The price of Japanese platinum bar ended a two-day climb.

The price of Chinese palladium bar declined 0.6 percent. After improving for two days, the price of US palladium bar declined 0.3 percent. Following a two-day rise, the price of Japanese palladium bar flattened.

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