Major precious metals, in general, ended with close value floor prices in the red. July copper moved lower by 3.18 percent to close with a floor price of 3.91 per pound. July contract Platinum moved lower as well on the day. It fell 1.28 percent to close the last session with a floor price of 1777.80 per troy ounce. July contract silver finished negative by 7.72 percent to finish the day lower with a floor price posting of 35.52 per troy ounce. June contract gold moved lower by 1.02 percent on the day to finished with a floor price of 1501.40 per troy ounce. The dollar gained strength versus the euro during the last trading session and this applied additional negative pressure on the price of commodities like precious metal gold and silver. The recent silver margin rate changes continue to play a part in the negative trends for Silver and this also affects gold indirectly in a negative way as well. The stronger dollar and the margin rate changes definitely deflated interest in precious metal gold and silver during this last session. After session trends for spot gold and spot silver continued a negative path. Spot silver per kilo was red by 94.91 at 1142.25 during the interval between yesterday’s session close and today’s session open. Spot silver per ounce was red by 2.95 at 35.53 during this same time. Spot gold per gram was lower by 374.56 at 48385.27 and spot gold per kilo was red by .37 at 48.39 as well. Contract gold and silver as well as spot gold and spot silver rates are currently falling lower.

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