US Scrap Silver prices rise; Silver Futures continue to stay above above $17 an ounce

UNITED STATES April 27 2016 7:01 PM 

NEW YORK (Scrap Register): United States silver scrap prices rose on Tuesday, while silver futures prices at New York Mercantile Exchange settled higher as investors readjusted positions ahead of the Federal Reserve's two-day monetary policy meeting.

The major silver scrap commodities on the Scrap Register Price Index traded up on Tuesday. The hallmarked silver scrap prices advanced to $13.954 an ounce and non-hallmarked silver scrap prices gained to $12.386 an ounce.

The most active May silver contract on the COMEX division of the New York Mercantile Exchange settled higher by 10.1 cents to $17.11 an ounce on Tuesday.

The U.S. Commerce Department said that total durable goods orders, which include transportation items, increased 0.8% last month, while core durable goods orders, excluding volatile transportation items, fell 0.2%.