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. [Read more...]