Home / Metal News / Precious Metals / US Silver Scrap prices decline; Silver Futures up 1.7% for the week
US Silver Scrap prices decline; Silver Futures up 1.7% for the week
Feb 7,2017 10:16CST
industry news
United States silver scrap prices declined on Friday, while silver futures prices at New York Mercantile Exchange settled higher.

UNITED STATES February 06 2017 6:17 PM

NEW YORK (Scrap Register): United States silver scrap prices declined on Friday, while silver futures prices at New York Mercantile Exchange settled higher as a soft U.S. jobs report clouded the outlook for as many as three rate hikes this year forecast by the Fed.
The major silver scrap commodities on the Scrap Register Price Index fell by 2.428% on Friday. The hallmarked silver scrap prices dropped to $14.226 an ounce and non-hallmarked silver scrap prices fell to $12.627 an ounce.
The most active March silver contract on the COMEX division of the New York Mercantile Exchange gained by 5 cents to settle at $17.479 an ounce on Friday, up 1.7% for the week.
U.S. officials said the sanctions, the first issued against Iran in more than a year, didn’t violate the landmark nuclear agreement Tehran reached with the U.S. and other world powers in 2015. 
President Donald Trump issued a cryptic tweet after the sanctions. Friday's report showed that January non-farm payrolls rose by 227,000 jobs, the largest gain in four months.

scrap silver prices
silver prices
precious metals

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news