Silver Takes a Breather as Gold, Platinum Continue to Rise on Crimea Tensions

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After a run on precious metals leading up to yesterday’s referendum in Crimea, silver and other precious metals took a breather on Monday as tensions between the west and Russia continued to heat up over the disputed region of Crimea. Gold  and platinum continued to show strength as shelters against the dollar and other paper currencies.

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Following two days of increases, the price of Indian silver dropped by 1.6 percent Friday. Japanese silver finished the day up 1 percent. The price of Chinese silver weakened by 0.7 percent. After improving for two days, the price of US silver declined 0.7 percent

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US gold bullion prices rose 0.3 percent, the price of Japanese gold bullion finished the market day up 0.3 percent per gram. The price of Indian gold bullion closed down 0.1 percent. The price of Chinese gold bullion flattened after two days of improvement.

The price of Chinese platinum bar increased 0.6 percent. Japanese platinum bar finished the day down 0.6 percent. US platinum bar prices inched up 0.3 percent. Japanese palladium bar gained 0.7 percent. US palladium bar finished the day up 0.3 percent to $774.00 per ounce. The price of Chinese palladium bar remained steady.