silver stocks

Silver Prices Rise on Bernanke Speech, Silver Stocks to Watch

Gold and silverA market wide rally is taking place right after Fed Chairman Ben Bernanke gave a speech on the economy. In his speech, Bernanke continued to reiterate that interest rates will stay low. Some analysts were encouraged after Bernanke did said little to rule out the possibility of more quantitative easing (QE).

Silver prices jumped along with other commodities including gold after Bernanke’s remarks. Silver for March delivery is currently trading up 1.25% at $32.65. Silver prices had been getting hit hard over the past month, falling from over $35 to around $31.50. Silver prices would rise if another round of QE hit due to inflation from the printing of money.

A quick look at stocks show the Dow up 134 points, the Nasdaq up 33 points and the S&P 500 up 14 points. [Read more...]

Silver Prices Slip, Silver Stocks to Watch

Gold and silverSilver prices slipped in early trading today as the dollar continues to gain strength. The dollar is strengthening after the Fed meeting yesterday where they gave no hints at any further monetary easing. The Fed also indicated that the economy was growing at a moderate pace. Not exactly a death knell for silver, but the recovery is definitely crimping the silver bug’s style.

The dollar hit an 11-month high against the yen and also rose against the euro. The euro is down 0.4% against the dollar right now at 1.3023.

Silver futures are currently trading down 3.08% at $32.51. [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.

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