Silver has quietly scored double the percentage gains of gold this month, and prices for silver probably haven’t topped out for the year, according to MarketWatch.
“The real value of silver is far from being realized,” said Andrew Chanin, chief executive officer of PureFunds, which offers the PureFunds ISE Junior Silver ETF.
Tracking the most-active futures contracts, silver prices have gained roughly 13% month to date, compared with gold’s 6% climb.
Japanese silver saw a 3.3 percent increase on Thursday, June 26, reaching JPY 682.00 ($6.70) per 10 grams and making it the biggest upwards shift of the day. Indian silver prices rose 0.6 percent to INR 45,850 ($762.90) per kilogram. US silver finished the day up 0.4 percent to $21.02 per ounce. The price of Chinese silver declined 0.2 percent to CNY 4,300 ($689.76) per kilogram.
The price of Japanese gold bullion closed at JPY 4,300 ($42.23) per gram. Following a couple days of improvement, the metal’s price weakened by 0.3 percent. Chinese gold bullion gained 0.2 percent to finish at CNY 263.40 ($42.25) per gram. The price of US gold bullion held steady at $1,318 per ounce. At INR 27,761 ($461.91) per 10 grams, the price of Indian gold bullion was essentially unchanged.
Japanese platinum bar prices inched up 0.4 percent to JPY 4,799 ($47.13) per gram. The price of US platinum bar increased 0.3 percent to $1,468 per ounce. Following a two-day rise, the price of Chinese platinum bar flattened at CNY 311.00 ($49.89).
The price of Japanese palladium bar rose by 0.8 percent to JPY 2,721 ($26.72) per gram. Chinese palladium bar saw its price rise 0.5 percent to CNY 186.00 ($29.84) per gram. After a 0.5 percent increase, US palladium bar finished the day at $830.00 per ounce.