US Silver Scrap prices fall; Silver Futures prices climb 2.6 percent

NEW YORK (Scrap Register): United States silver scrap prices fell on Tuesday, while silver futures prices at New York Mercantile Exchange climbed 2.6 percent as bargain hunting seen in the markets and short covering in the futures markets were featured.
The major silver scrap commodities on the Scrap Register Price Index showed a down trend on Tuesday. The hallmarked silver scrap prices gained at $13.131 an ounce and non-hallmarked silver scrap prices advanced at $11.655 an ounce.
The most active March silver contract on the COMEX division of the New York Mercantile Exchange jumped 2.6 percent to end at an almost three-week high of $16.409 an ounce. 
Silver can be viewed as a precious metal, but also is used in manufacturing and can see appreciation along with rosier economic prospects.