After the G8 ambiguous statement, the Euro is expected to pop up leading to drop in silver prices. The statement came up because of the lack of consensus for firm action. The prices on silver will stay volatile as Greek elections are scheduled in upcoming weeks.
The G8 fluff statement might pop up the Euro for short-term, but it requires a distinctive plan to stay alive otherwise it will have to face more market turmoil. At present, the silver spot price is 49 cents to 28.23 per ounce.
Silver Stocks:
Silver Wheaton Corp. (NYSE:SLW) – On 21st of May 2012, SLW climbed up 2.20% at $25.06 trading 1.6 million shares. The company trades 5.7 million shares a day on an average. In a last few days, SLW shares have beaten $2 a share record. It has a strong market presence at 8.88 billion.
Hecla Mining Co. (NYSE:HL) – On 21st of May 2012, it mounted 2.84% at $3.98 trading a million shares. The company trades 5.7 million shares a day on an average. Since 16th of May 2012, HL shares have climbed up $0.30 denoting a strong global presence at 1.13 billion.
Pan American Silver Corp. (NASDAQ:PAAS) – On 22nd of May 2012, it popped up 1.38% at $16.17 trading 576 thousand shares. The company trades 2 million shares a day on average. Over the past three days, PAAS shares jumped up $1.50 a share having global presence at 1.71billion.
ProShares Ultra Silver (NYSEARCA:AGQ) – On 22nd of May 2012, it inclined 2.16% at $41.27 trading 728 thousand shares. The company trades 2.1 million shares a day on an average. Over the past five days, AGO shares jumped up close to $4 a share.
iShares Silver Trust (NYSEARCA:SLV) – On 22nd of May 2012, it declined 1.31% at $27.41 trading 4.7 million shares. The company trades 18.1 million shares a day on an average. Over the past five days, SLV shares are up close to $4 a share rallying about $2 a share earlier last week.
Endeavour Silver Corp. (NYSE:EXK) – On 22nd of May 2012, it went up 2.16% at $8.17 trading 442 thousand shares. The company trades 1.3 million shares a day on an average. Over the past week, EXK shares mounted over $0.50 marking its market presence at 724.58 million.
Coeur d’Alene Mines Corporation (NYSE:CDE) – On 22nd of May 2012, it rose 1.65% at $16.62 trading 459 thousand shares. The company trades 1.6 million shares a day on average. Over the past five days, CDE shares came down $ 1 a share denoting its market presence at 1.50 billion.
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