Silver prices are mirroring gold. Up, down, up and then back down. Staying within a range, silver seems to be mirroring the broader equity markets. Everything seems geared towards what’s the next shoe to drop. Will the equity markets continue their rally? Correction time? QE3? Lots of unanswered questions out there and it manifests itself in the precious metals in the lack of direction in price.
Silver prices are currently up 72 cents to $33 per ounce.
Silver Stocks to Watch
iShares Silver Trust (NYSEARCA:SLV) is up 2.14% this morning at $32.04. SLV has traded 3.1 million shares so far today and trades 19.8 million shares a day on average. SLV shares are up $1 in the past three days.
Silver Wheaton Corp. (NYSE:SLW) is up 1.54% today at $33.62. SLW has traded 689 thousand shares this morning and trades 5 million shares a day on average. SLW shares are up $1.60 a share since Thursday. The company has a market cap of 11.87 billion.
Silver Standard Resources Inc. (NASDAQ:SSRI) is up 1.60% in early trading at $15.26. SSRI has traded 261 thousand shares so far today and trades just over a million shares a day on average. SSRI shares are up $0.75 a share since Thursday when it was trading below $14.5. The company has a market cap of 1.23 billion.
Great Panther Silver Ltd. (AMEX:GPL) is up 1.73% today at $2.2890. GPL has traded 149 thousand shares this morning and trades 894 thousand shares a day on average. GPL shares have jumped $0.10 in the past few days. The company has a market cap of 313.56 million.
Paramount Gold and Silver Corp. (AMEX:PZG) is up 3.54% in early trading at $2.34. PZG has traded 299 thousand shares so far today and trades 997 thousand shares a day on average. PZG shares are up $0.20 a share since late Wednesday. The company has a market cap of 320.32 million.
ProShares Ultra Silver (NYSEARCA:AGQ) is up 4.26% this morning at $56.88. AGQ has traded 580 thousand shares so far today and trades 2.4 million shares a day on average. AGQ shares are up nearly $4 since late last week.
First Majestic Silver Corp. (NYSE:AG) is up 2.96% today at $17.07. AG has traded 174 thousand shares this morning and trades 771 thousand shares a day on average. AG shares are up more than $1 in the past few days. The company has a market cap of 1.79 billion.
Silvercorp Metals Inc. (NYSE:SVM) is up 1.60% today at $7.00. SVM has traded 431 thousand shares this morning and trades 1.6 million shares a day on average. SVM shares are up $0.40 in the past three trading sessions. The company has a market cap of 1.20 billion.
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