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.