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Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
However, the price of silver plummeted 58% in October 2008, along with other metals and commodities, due to the effects of the credit crunch. [15] By April 2011, silver had rebounded to reach a 31-year high at $49.21 per ounce on April 29, 2011 due to concerns about monetary inflation and the solvency of governments in the developed world ...
Some scrap yards' websites have updated scrap prices. In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index, also report on the US scrap price, which ...
American Precious Metals Exchange is another well-established name in the precious metals industry. The company specializes in buying and selling gold, silver, platinum and other precious metals.
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes alongside gold: [13] while it is more abundant than gold, it is much less abundant as a native metal. [14] Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine".