Silver prices are trading slightly higher this morning as commodities investors take a wait and see approach ahead of the Fed’s minutes. The Fed’s minutes are expected to be released this afternoon around 2pm EST. Analysts are expecting the Fed minutes to give a clearer picture on what the Fed’s action is going to be in the near future for the economy.
Silver futures for April delivery are currently trading 1.54% higher this morning at $32.97.
Silver Stocks
Silver Wheaton Corp. (NYSE:SLW) is down 0.23% this morning at $33.60. SLW has traded 1.1 million shares so far today and trades 5 million shares a day on average. Over the past week, SLW shares have traded as high $34.16 and as low as $31.71. The company has a market cap of 11.89 billion.
iShares Silver Trust (NYSEARCA:SLV) is down 0.09% this morning at $32.02. SLV has traded 3.7 million shares so far today and trades 19.8 million shares a day on average. SLV shares are up $1 a share since last Thursday.
Silver Standard Resources Inc (NASDAQ:SSRI) is down 1.56% today at $15.12. SSRI has traded 185 thousand shares in early trading and trades just over a million shares a day on average. The company has a market cap of 1.22 billion.
Great Panther Silver Ltd. (AMEX:GPL) is down 1.71% in early trading at $2.30. GPL has traded 204 thousand shares so far today and trades 889 thousand shares a day on average. GPL shares have jumped as much as $0.20 in the week. The company has a market cap of 316.31 million.
Paramount Gold and Silver Corp. (AMEX:PZG) is up 7.87% today at $2.53. PZG is up on heavy volume this morning with 2.1 million shares traded already, well above its daily average of 1 million shares. Paramount reported this morning more high grade assay results from its Don Ese North deposit. The company has a market cap of 349.06 million.
Silvercorp Metals Inc. (NYSE:SVM) is down 0.85% this morning at $6.96. SVM has traded 235 thousand shares this morning and trades 1.6 million shares a day on average. SVM shares climbed more than $0.40 a share last week and yesterday, before dipping slightly today. The company has a market cap of 1.19 billion.
First Majestic Silver Corp. (NYSE:AG) is down 2.11% today at $16.67. AG has traded 208 thousand shares so far today and trades 771 thousand shares a day on average. First Majestic announced they acquired Silvermex Resources this morning. The company has a market cap of 1.77 billion.
ProShares Ultra Silver (NYSEARCA:AGQ) is up 0.08% this morning at $56.82. AGQ has traded 775 thousand shares this morning and trades 2.4 million shares a day on average. AGQ has jumped nearly $4 a share in the past week.
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