US Silver Switches Direction

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Metal Prices, Premium

On Monday, September 23, the day’s biggest mover was the price of US silver, which saw a 5.6 percent decline to $21.80 per ounce. Indian silver fell 4.2 percent to INR 48,232 ($771.90) per kilogram. The price of Chinese silver closed Monday at CNY 4,285 ($700.47) per kilogram, halting its two-day flat run with a 1.3 percent decline. After a couple of days of improving prices, the price of Japanese silver held steady at JPY 730.00 ($7.35).

US gold bullion finished the day down 2.9 percent to $1,326 per ounce. The price of Indian gold bullion fell 2.1 percent to INR 29,489 ($471.94) per 10 grams. The price of Chinese gold bullion moved up 1.5 percent, landing at CNY 261.95 ($42.82) per gram. The price of Japanese gold bullion steadied at JPY 4,358 ($43.89) per gram following two-days of increases.

US platinum bar closed 2.1 percent lower at $1,429 per ounce. The price of Chinese platinum bar increased 1.0 percent to CNY 301.00 ($49.20) per gram. Following a two-day rise, the price of Japanese platinum bar flattened at JPY 4,682 ($47.15).

Following a couple of essentially changeless days, the price of Chinese palladium bar rose by 2.6 percent, closing at CNY 159.00 ($25.99) per gram. The price of US palladium bar declined 1.9 percent to $718.00 per ounce, after two days of improvement. The price of Japanese palladium bar flattened at JPY 2,365 ($23.82) after two days of improvement.

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