UNITED STATES November 09 2016 8:15 PM
NEW YORK (Scrap Register): United States silver scrap prices gained on Tuesday, while silver futures prices at New York Mercantile Exchange settled higher at $18.356 an ounce, rebounding after Monday’s 1.2% loss.
The major silver scrap commodities on the Scrap Register Price Index traded higher on Tuesday. The hallmarked silver scrap prices up by 1.2702% to $15.033 an ounce and non-hallmarked silver scrap prices declined to $13.343 an ounce.
The most active December silver contract on the COMEX division of the New York Mercantile Exchange rose 20.5 cents to end at $18.356 an ounce on Tuesday.
Market players have tended to see Clinton as the candidate of the status quo, while there is greater uncertainty over what a Trump victory might mean for U.S. foreign policy, international trade deals and the domestic economy.