US Silver Scrap prices remain flat; Silver Futures end lower in line with other metals

UNITED STATES March 09 2016 9:20 PM     

NEW YORK (Scrap Register): United  States silver scrap prices remained flat on Tuesday, while silver futures prices  at New York Mercantile Exchange settled lower tracking weakness in other  precious metals and crude oil prices.

The major silver scrap commodities  on the Scrap Register Price Index traded almost flat on Tuesday. The hallmarked  silver scrap prices unchanged at $12.89 an ounce and non-hallmarked silver scrap  prices remained flat at $11.44 an ounce.

However, the most active March silver  contract on the COMEX division of the New York Mercantile Exchange settled lower  by 24.3 cents to $15.39 an ounce on Tuesday.

Investors continued to react  to Friday's U.S. jobs report for the month of February when average hourly  earnings fell by 0.1%, representing their first monthly decline in more than a  year.