In typical American fashion a three-day weekend is actually a four day one. Volume is expected to be anemic at best today as traders gear up for the unofficial start of summer. Europe continues to weigh on the market as Spain’s banking woes grow by the minute.
In the coming weeks expect the push for Euro bonds to reach a fever pitch as the EU continues to search for a solution to the sovereign debt crisis and banking woes.
Currently the silver spot price is up 7 cents to $28.39 per ounce.
Silver Stocks
Hecla Mining Co. (NYSE:HL) is up 0.50% today at $4.50. HL has traded 726 thousand shares this morning and trades 5.6 million shares a day on average. HL shares are up $0.50 a share in the past two days. The company has market cap of 1.30 billion.
Silver Wheaton Corp. (NYSE:SLW) is up 0.42% this morning at $26.46. SLW has traded 744 thousand shares so far today and trades 5.7 million shares a day on average. SLW shares about $2 a share since Wednesday. The company has a market cap of 9.41 billion.
ProShares Ultra Silver (NYSEARCA:AGQ) is 0.66% today at $41.27. AGQ has traded 260 thousand shares so far today and trades 2.1 million shares a day on average. AGQ shares have rallied $3 a share in the past three days.
iShares Silver Trust (NYSEARCA:SLV) is up 0.22% this morning at $27.50. SLV has traded 1.5 million shares so far today and trades 17.5 million shares a day on average. SLV shares are up $1 a share over the past couple of days.
Endeavour Silver Corp. (NYSE:EXK) is down 0.45% this morning at $8.86. EXK has traded 158 thousand shares so far today and trades 1.3 million shares a day on average. Despite being lower today, EXK shares are up about $0.80 a share over the past few days. The company has a market cap of 785.33 million.
Coeur d’Alene Mines Corporation (NYSE:CDE) is up 1.23% today at $17.27. CDE has traded 193 thousand shares so far today and trades 1.6 million shares a day on average. CDE shares are up nearly $1 a share over the past few days. The company has a market cap of 1.56 billion.
First Majestic Silver Corp. (NYSE:AG) is up 0.97% this morning at $14.52 AG has traded 122 thousand shares so far today and trades 790 thousand shares a day on average. AG shares are up $1.20 a share since Wednesday. The company has a market cap of 1.54 billion.
Pan American Silver Corp. (NASDAQ:PAAS) is up 0.06% this morning at $16.87. PAAS has traded 173 thousand shares so far today and trades 2.04 million shares a day on average. PAAS shares are up $0.90 a share over the past few days. The company has a market cap of 2.61 billion.
About Danny Fisher
