UNITED STATES January 19 2017 6:43 PM
NEW YORK (Scrap Register): United States silver scrap prices slightly up on Wednesday, while silver futures prices at New York Mercantile Exchange enjoyed a gain and outperforming its sister metal gold.
The major silver scrap commodities on the Scrap Register Price Index slightly up by 0.707 percent on Wednesday. The hallmarked silver scrap prices edged up to $14.094 an ounce and non-hallmarked silver scrap prices slightly up to $12.510 an ounce.
The most active March silver contract on the COMEX division of the New York Mercantile Exchange gained by 12.6 cents to settle at $17.274 an ounce on Wednesday.
Market participants said trading has been subdued with investors awaiting Trump’s presidential inauguration ceremony set for Friday.