Silver Price edges upward in early trading on Ukraine Tensions

April 23, 2014

New York (Apr 23)  Silver for July delivery rose 0.6 percent to $19.51 an ounce in New York. Palladium for June delivery added 0.3 percent to $785.90 an ounce. It advanced to $817 on April 14, the highest since August 2011. Platinum for July delivery gained 0.4 percent to $1,405.70 an ounce, after falling to $1,392.80 yesterday, the lowest since Feb. 12.

Talks between the three largest platinum producers and the South African union leading a three-month strike will continue today after the companies increased their pay offer April 17. The revised offer fails to meet union demands, suggesting a resolution may be weeks away, according to SBG Securities Ltd. and Investec Asset Management.

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