Silver Prices Drop With The Broader Market. Silver Stocks on Watch

Gold and silverSilver prices are dipping slightly on a strengthening dollar this morning. Meanwhile, Wall Street’s reaction to the economic data coming out is decidedly negative. Concerns are emerging out of all areas of the global economy. Be it China’s growth miss, Europe’s ongoing sovereign debt saga and the down tick in consumer sentiment. Gas prices may finally be emerging in the data points on how they are affecting consumers.

Currently the silver spot price is accelerating to the downside. At last check it was off 44 cents to $31.94. [Read more...]

Silver Prices Jump on QE3 Rumor. Silver Stocks on Watch

Gold and silverAfter a lackluster jobs report it did not take long for the rumor mill to get cranked up. This time it was all about QE3. The silver bull’s dream policy. The questions that remain outstanding are what is the catalyst to cause it and what shape it would take? Silver prices have been drifting all over a range in recent weeks as external forces pulled them in differing directions. Today it seems investors are looking to hedge their bets on a possible downturn in the labor market.

Currently, the silver spot price is up 76 cents to $32.37 per ounce. [Read more...]

Silver Prices Lack A Catalyst, Silver Stocks to Watch

Gold and silverUp 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. [Read more...]

Silver Prices Flat on Demand Concerns, Silver Stocks to Watch

Gold and silverGold Prices may be stabilizing on the back of an underwhelming jobs reports, but silver prices are flat on global demand concerns. News out of India has expectations of a 27% drop in demand for the year. This is even with the government keeping the import duty unchanged in the country. The main reason is the volatility in prices has jewelers pulling back.

Silver bulls may have to wait for a bigger catalyst to move higher or just be reigned t the fact the metal is highly volatile and you have to be nimble.

Silver prices are currently up 12 cents to 31.83. [Read more...]

Silver Stocks in the Green: SSRI, EXK, CDE, HL, SLW

Silver stocks are following the market upward today as well as silver prices. The current spot price for Silver is sitting at $34.64, an increase of $0.70.

Silver Standard Resources Inc. (NASDAQ:SSRI) is up $0.87 at $16.00, a gain of 5.75% today. SSRI has traded 1.5 million shares today, already matching its daily average volume. SSRI is bouncing back today after dropping from $19 to $15 yesterday following quarterly results. The company has a current market cap of 1.30 billion.

Endeavour Silver Corp. (NYSE:EXK) is up 6.29% at $11.98 in midday trading. EXK stock has traded 1.1 million shares today, about half its daily average with half the trading day left. EXK hit an intraday high of $12.05 earlier today. The company has a current market cap of 1.02 billion.

Coeur d’Alene Mines Corporation (NYSE:CDE) is up 5.28% today at $29.52. CDE has traded 973 thousand shares so far today with a daily average sitting at 2.2 million shares. CDE bounced back today after dipping from $29.50 to less than $27 on Wednesday and Thursday. The company has a current market cap of 2.66 billion.

Hecla Mining Co. (NYSE:HL) is up $0.32 at $6.64, a gain of 5% today. HL has traded 2.8 million shares so far today, and will likely trade less than its daily average of 8.7 million shares. The company has a current market cap of 1.86 billion.

Silver Wheaton Corp. (NYSE:SLW) is up $1.23 at $36.29, a gain of 3.57%. SLW has traded 2.2 million shares so far today with 7 million shares traded on average. The company has a current market cap of 12.85 billion.

Get Our Weekly Newsletter

Real Time Web Analytics