Despite the bump that gold received, silver for July delivery is down to $21.63 an ounce, a $0.043 drop from the previous day.
Despite the bump that gold received, silver for July delivery is down to $21.63 an ounce, a $0.043 drop from the previous day, as per Bloomberg. However, spot silver prices are up $0.072, at $21.67.
This year, silver futures have declined 28 percent on the COMEX in New York, the biggest loss among the 24 commodities tracked by Standard & Poor’s GSCI Spot Index. That is due to gold entering a bear market as well as steadying consumer prices and concerns about the strength of the US economy, according to another Bloomberg article.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1801.89 | +0.36 | |
Silver | 20.82 | +0.02 | |
Copper | 3.68 | -0.03 | |
Palladium | 2224.19 | +14.20 | |
Platinum | 965.47 | +2.48 | |
Oil | 91.88 | -2.46 | |
Heating Oil | 3.51 | +0.03 | |
Natural Gas | 8.78 | -0.09 |
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