Silver and Gold continued their slides Tuesday as the S&P 500 hit a new high on Wednesday. Precious metals buyers stayed in wait and see mode as the effects of Chile’s massive earthquake shook through the markets.
The price of Indian silver fell 3.2 percent on Tuesday making it the day’s biggest mover. Chinese silver ended the day, after the 0.5 percent drop yesterday. The price of US silver declined 0.5 percent. The price of Japanese silver held steady.
The price of Chinese gold bullion fell 0.9 percent. Indian gold bullion prices saw a 0.8 percent decline. US gold bullion closed 0.7 percent lower. The price of Japanese gold bullion flattened following two-days of declines.
US platinum bar fell 0.1 percent yesterday. The price of Chinese platinum bar showed little movement on Tuesday. The price of Japanese platinum bar was essentially unchanged.
Chinese palladium bar finished the day down 0.6 percent. The price of Japanese palladium bar remained steady. US palladium bar stayed flat as well.
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