After the sell-off yesterday, silver prices are looking to rebound this morning as the dollar pares its gains. The metal has been hit hard in recent days in the lead up to the EU summit and its subsequent ‘nothing happened’ outcome. Europe sill remains a major concern as they do not seem to have an answer for Greece and any contagion that may emerge from a Greek exit.
Currently silver is up 57 cents to $28.41. Still off the $30 level it once held, but with market uncertainty still prevalent it could regain those levels rather quickly if more monetary easing was announced.
Silver Stocks
Hecla Mining Co. (NYSE:HL) is up 4.41% this morning at $4.50. HL has traded 6.02 million shares so far today, well above its daily average of 5.5 million shares. HL shares are up $0.50 a share from yesterday’s low of around $4. The company has a market cap of 1.29 billion.
ProShares Ultra Silver (NYSEARCA:AGQ) is up 4.24% today at $41.55. AGQ has traded 617 thousand shares so far today and trades 2.1 million shares a day on average. AGQ shares are up more than $3 in the past two days.
iShares Silver Trust (NYSEARCA:SLV) is up 2.03% today at $27.60. SLV has traded 3.6 million shares so far today and trades 17.6 million shares a day on average. SLV shares have rallied $1 a share from yesterday’s low of $26.40.
Silver Wheaton Corp. (NYSE:SLW) is up 0.42% this morning at $26.51. SLW has traded 2.8 million shares so far today and trades 5.7 million shares a day on average. SLW shares are up nearly $2 a share from yesterday’s low of $24.50. The company has a market cap of 9.35 billion.
Pan American Silver Corp. (NASDAQ:PAAS) is down 0.93% today at $16.96. PAAS has traded 877 thousand shares so far today and trades 2.03 million shares a day on average. PAAS shares bounced more than $1 a share yesterday from less than $16 to $17.40. The company has a market cap of 1.79 billion.
Coeur d’Alene Mines Corporation (NYSE:CDE) is up 1.04% today at $17.49. CDE has traded 549 thousand shares so far today and trades 1.6 million shares a day on average. Coeur d’Alene announced this morning its Palmarejo mine has resumed production. The company has a market cap of 1.57 billion.
Silvercorp Metals Inc. (NYSE:SVM) is up 1.02% this morning at $5.93. SVM has traded 431 thousand shares so far today and trades 1.5 million shares a day on average. SVM shares have rallied $0.40 a share in the past two days. The company has a market cap of 1.01 billion.
Endeavour Silver Corp. (NYSE:EXK) is up 1.03% today at $8.86. EXK has traded 494 thousand shares so far today and trades 1.3 million shares a day on average. EXK shares are up $0.80 a share over the past few days. The company has a market cap of 782.68 million.
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