NEW YORK (Scrap Register): United States silver scrap prices gained on Wednesday, while silver futures prices at New York Mercantile Exchange fell to $17.578 an ounce amid doubts over President Trump's economic policies while weaker than expected economic data supported upside momentum.
The major silver scrap commodities on the Scrap Register Price Index climbed by 1.564% on Wednesday. The hallmarked silver scrap prices advanced to $14.473 an ounce and non-hallmarked silver scrap prices up to $12.847 an ounce. 
The most active May silver contract on the COMEX division of the New York Mercantile Exchange fell by half a cents to $17.578 an ounce.
U.S. home resale fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. 
With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said.