At the Multi Commodity Exchange, silver for delivery in September was trading lower by Rs. 272 or 0.73 per cent at Rs. 37,180 per kg in a business turnover of 568 lots.
In the international market, silver fell 0.94 per cent to $15.88 an ounce in Singapore today.
Traders said reducing of exposure by participants, tracking a weak trend
 in global markets, led to the fall in silver prices at the futures 
trade. 
Gold
 and platinum prices are down 0.4% this morning, Friday July 7, with 
spot gold prices at $1,220.30 per oz, silver prices are down 1.2% (in 
early trading it appears silver suffered a flash-crash down below $15 
per oz, but only for seconds, the fact it rebounded suggests it may have
 been a trading error). Palladium prices are up 0.2%. Rising bond yields
 seem to be driving bullion prices, while geopolitical concerns over 
North Korea are not yet showing themselves.
Consolidation has set in across most of the base metals traded on the
 London Metal Exchange this morning, Friday July 7, with three-month 
prices down an average of 0.3%. The exception is nickel where prices are
 under more pressure – off 0.7% at $9,035 per tonne. Copper prices are 
off 0.1% at $5,840 per tonne. Volume has been light with 2,997 lots 
traded as of 06:13 BST.
This comes after a general up day on Thursday that saw gains in 
aluminium, lead and tin, averaging 0.6%, while nickel dropped 0.4% and 
copper and zinc were little changed.
Today’s weaker tone comes after a generally weaker day on Thursday, 
when gold prices dropped 0.2%, palladium prices dropped 0.6% and silver 
and platinum prices were little changed.
In Asia this morning, the base metals on the Shanghai Futures 
Exchange (SHFE) are mixed. Lead prices are up 1.2%, zinc prices are up 
0.5% and copper prices are up 0.1% at 46,880 yuan ($6,893) per tonne, 
while on the downside, nickel leads with a 0.9% drop, aluminium prices 
are off 0.3% and tin prices are down 0.1%. Spot copper prices in 
Changjiang are off 0.1% at 46,680-46,800 yuan per tonne and the 
LME/Shanghai copper arb ratio has firmed to 8.03.
September iron ore prices on the Dalian Commodity Exchange are up 
2.1% at 476 yuan per tonne. On the SHFE, steel rebar prices are up 0.1%,
 gold prices are down 0.1% and silver prices are off 0.6%.
In international markets, spot Brent crude oil prices are down 1% at 
$47.51 per barrel and the yield on the US ten-year treasuries is higher 
at 2.38%, the German ten-year bund is at 0.56%.
Rising bond yields were worrying the equity markets on Thursday with 
the Euro Stoxx 50 closing down 0.5% and the Dow closed off 0.7% at 
21,320.04. The worry has flowed through to Asia this morning, where the 
ASX 200 is down 0.8%, Kospi is down 0.6%, the Nikkei and CSI 300 are off
 0.4% and the Hang Seng is off 0.3%. Key now will be whether the bond 
rout continues and whether that ends up prompting broader risk-off move 
across other markets.
The dollar index, at 95.96 is weaker, this despite firmer bond 
yields. Conversely, the euro has rebounded to 1.1415, sterling is 
treading water at 1.2960, the yen is weaker at 113.73 and the Australian
 dollar at 0.7587 is little changed, but looking weaker.
The yuan, at 6.8014, remains weak, the rand at 13.4624 is weakening 
again, while the other emerging market currencies we follow are 
generally flat.
It is a busy day for economic data, with the highlights being the US 
employment report and G20 meeting – data out already showed better than 
expected Japanese leading indicators and German industrial production. 
Data out later includes French industrial production, government budget 
balance and trade balance, UK house prices, manufacturing and industrial
 production, goods trade balance and GDP estimates, while in addition to
 the US employment report there is data on natural gas storage and a US 
Federal Reserve monetary policy report.
Copper and nickel prices are looking the weaker ones in the LME 
complex this week, but the weakness seems to be part of an effort to 
consolidate, which most of the other metals are also doing. The 
exception is aluminium, where prices are pushing higher towards former 
resistance levels that are bunched together in the $1,960-1980 per tonne
 area. While the metals consolidate, direction may come from the broader
 markets – for now geopolitical concerns are surprisingly having little 
effect on markets, but a correction in the massive bond markets does 
seem to be having an impact and that has potential to trigger a bigger 
risk-off move.
Gold prices are under pressure, as are silver and platinum prices, 
while palladium prices continue to correct after the sharp May-June 
rally. With the precious metals looking vulnerable on the back of 
stronger bond yields much will depend on whether investors start to want
 switch more into havens – this could happen either on a pick-up in 
geopolitical concerns over North Korea, or if they get more worried 
about risk off in broader markets.
Metal Bulletin publishes 
live futures reports throughout the day, covering major metals exchanges news and prices.
Gold
 and platinum prices are down 0.4% this morning, Friday July 7, with 
spot gold prices at $1,220.30 per oz, silver prices are down 1.2% (in 
early trading it appears silver suffered a flash-crash down below $15 
per oz, but only for seconds, the fact it rebounded suggests it may have
 been a trading error). Palladium prices are up 0.2%. Rising bond yields
 seem to be driving bullion prices, while geopolitical concerns over 
North Korea are not yet showing themselves.
Consolidation has set in across most of the base metals traded on the 
London Metal Exchange this morning, Friday July 7, with three-month 
prices down an average of 0.3%. The exception is nickel where prices are
 under more pressure – off 0.7% at $9,035 per tonne. Copper prices are 
off 0.1% at $5,840 per tonne. Volume has been light with 2,997 lots 
traded as of 06:13 BST.
This comes after a general up day on Thursday that saw gains in 
aluminium, lead and tin, averaging 0.6%, while nickel dropped 0.4% and 
copper and zinc were little changed.
Today’s weaker tone comes after a generally weaker day on Thursday, when
 gold prices dropped 0.2%, palladium prices dropped 0.6% and silver and 
platinum prices were little changed.
In Asia this morning, the base metals on the Shanghai Futures Exchange 
(SHFE) are mixed. Lead prices are up 1.2%, zinc prices are up 0.5% and 
copper prices are up 0.1% at 46,880 yuan ($6,893) per tonne, while on 
the downside, nickel leads with a 0.9% drop, aluminium prices are off 
0.3% and tin prices are down 0.1%. Spot copper prices in Changjiang are 
off 0.1% at 46,680-46,800 yuan per tonne and the LME/Shanghai copper arb
 ratio has firmed to 8.03.
September iron ore prices on the Dalian Commodity Exchange are up 2.1% 
at 476 yuan per tonne. On the SHFE, steel rebar prices are up 0.1%, gold
 prices are down 0.1% and silver prices are off 0.6%.
In international markets, spot Brent crude oil prices are down 1% at 
$47.51 per barrel and the yield on the US ten-year treasuries is higher 
at 2.38%, the German ten-year bund is at 0.56%.
Rising bond yields were worrying the equity markets on Thursday with the
 Euro Stoxx 50 closing down 0.5% and the Dow closed off 0.7% at 
21,320.04. The worry has flowed through to Asia this morning, where the 
ASX 200 is down 0.8%, Kospi is down 0.6%, the Nikkei and CSI 300 are off
 0.4% and the Hang Seng is off 0.3%. Key now will be whether the bond 
rout continues and whether that ends up prompting broader risk-off move 
across other markets.
The dollar index, at 95.96 is weaker, this despite firmer bond yields. 
Conversely, the euro has rebounded to 1.1415, sterling is treading water
 at 1.2960, the yen is weaker at 113.73 and the Australian dollar at 
0.7587 is little changed, but looking weaker.
The yuan, at 6.8014, remains weak, the rand at 13.4624 is weakening 
again, while the other emerging market currencies we follow are 
generally flat.
It is a busy day for economic data, with the highlights being the US 
employment report and G20 meeting – data out already showed better than 
expected Japanese leading indicators and German industrial production. 
Data out later includes French industrial production, government budget 
balance and trade balance, UK house prices, manufacturing and industrial
 production, goods trade balance and GDP estimates, while in addition to
 the US employment report there is data on natural gas storage and a US 
Federal Reserve monetary policy report.
Copper and nickel prices are looking the weaker ones in the LME complex 
this week, but the weakness seems to be part of an effort to 
consolidate, which most of the other metals are also doing. The 
exception is aluminium, where prices are pushing higher towards former 
resistance levels that are bunched together in the $1,960-1980 per tonne
 area. While the metals consolidate, direction may come from the broader
 markets – for now geopolitical concerns are surprisingly having little 
effect on markets, but a correction in the massive bond markets does 
seem to be having an impact and that has potential to trigger a bigger 
risk-off move.
Gold prices are under pressure, as are silver and platinum prices, while
 palladium prices continue to correct after the sharp May-June rally. 
With the precious metals looking vulnerable on the back of stronger bond
 yields much will depend on whether investors start to want switch more 
into havens – this could happen either on a pick-up in geopolitical 
concerns over North Korea, or if they get more worried about risk off in
 broader markets.
Metal Bulletin publishes live futures reports throughout the day, 
covering major metals exchanges news and prices.
Taking weak cues from overseas markets, silver prices fell Rs. 272 to Rs. 37,180 per kg at the futures trade today as participants cut down their bets.
At the Multi Commodity Exchange, silver for delivery in September was trading lower by Rs. 272 or 0.73 per cent at Rs. 37,180 per kg in a business turnover of 568 lots.
Similarly, the white metal for delivery in far-month December declined by Rs. 194 or 0.51 per cent to Rs. 37,868 per kg in a business volume of four lots.
In the international market, silver fell 0.94 per cent to $15.88 an ounce in Singapore today.
Traders said reducing of exposure by participants, tracking a weak trend
 in global markets, led to the fall in silver prices at the futures 
trade.