Up day. Down day. Seems to be the story of silver. And the moves lack any real conviction as the the poor man’s gold just lists around within a range. The expectations of further stimulus are no longer enough to be a market driver. Plus anemic demand expectations of of India has tempered silver price action to the upside.
Currently silver prices are in retreat along with the the broader market. Seems like everyone is waiting on Alcoa and then the Fed reaction to earnings season. Currently silver is down 35 cents to $31.41.
Silver Stocks to Watch
Hecla Mining Co. (NYSE:HL) is up 0.72% this morning at $4.17. HL has traded 1.1 million shares so far today and trades 7.1 million shares a day on average. HL shares have fallen nearly $0.50 a share in the past five trading days. The company has a market cap of 1.19 billion.
Silver Wheaton Corp. (NYSE:SLW) is down 0.55% this morning at $30.79. SLW has traded 812 thousand shares this morning and trades 5.1 million shares a day on average. SLW shares have dropped $3 a share in the past week. The company has a market cap of 10.90 billion.
Coeur d’Alene Mines Corporation (NYSE:CDE) is down 1.51% today at $21.57. CDE has traded 389 thousand shares so far today and trades 1.5 million shares a day on average. CDE shares have fallen more than $2 a share in the past week. The company has a market cap of 1.94 billion.
Pan American Silver Corp. (NASDAQ:PAAS) is up 0.25% in early trading at $20.18. PAAS has traded 347 thousand shares so far today and trades 1.9 million shares a day on average. PAAS shares have fallen $2 a share in the past week. The company has a market cap of 2.11 billion.
Silvercorp Metals Inc. (NYSE:SVM) is up 2.23% today at $6.40. SVM has traded 342 thousand shares so far today and trades 1.6 million shares a day on average. SVM shares fell $0.60 a share last week. The company has a market cap of 1.09 billion.
Endeavour Silver Corp. (NYSE:EXK) is down 0.23% this morning at $8.76. EXK has traded 317 thousand shares so far today and trades 1.3 million shares on average every day. EXK shares have fallen more than $1 over in the last five days. The company has a market cap of 774.16 million.
iShares Silver Trust (NYSEARCA:SLV) is down 0.72% this morning at $30.38. SLV has traded 3.6 million this morning and averages 19.7 million shares a day. SLV shares have fallen more than $2 a share in the past few days.
ProShares Ultra Silver (NYSEARCA:AGQ) is down 1.57% today at $50.85. AGQ has traded 712 thousand shares so far today and trades 2.4 million shares a day on average. AGQ shares have fallen $5 a share in the past week.
Silver Standard Resources Inc. (NASDAQ:SSRI) is down 1.75% in early trading at $13.47. SSRI has traded 341 thousand shares so far today and trades 1.02 million shares a day on average. SSRI shares have fallen $1.50 a share in the past five days. The company has a market cap of 1.09 billion.
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