Silver is rising in Asia

July 3, 2013

SINGAPORE (July 3) Silver for immediate delivery advanced 0.6 percent to $19.52 an ounce after sliding 1.2 percent yesterday.

Spot platinum slid 0.2 percent to $1,364.30 an ounce, falling for a second day.

Palladium rose 0.2 percent to $686.90 an ounce.

Anglo American Platinum, the world’s biggest producer of the metal, said it will start wage negotiations with labour unions in South Africa in August.

The talks will run at the same time as those about the company’s plans to eliminate 6,000 jobs at mines to help return to profit, said Thabisile Phumo, a spokeswoman for the Johannesburg-based company.

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