June 04, 2013 at 10:55 AM EDT
PAAS, SVM, SSRI, and GPL Under StockCall’s Microscope
StockCall.com Provides Stock Research on Pan American Silver Corp., Silvercorp Metals Inc., Silver Standard Resources Inc., and Great Panther Silver Ltd
New York City, New York -- (June 04, 2013)
Silver prices rallied on Monday, June 3, 2013, as the U.S. dollar weakened. However, silver prices have struggled in 2013 as commodities have come under pressure. A slowdown in China has hurt industrial demand for silver. Meanwhile, a stronger U.S. dollar is also having an impact on the white metal. A sharp pullback in silver prices has meant that silver mining companies in the U.S. have seen an uphill battle so far this year. Yesterday, however, shares in silver mining companies ended mostly higher, tracking gains in the broader market which moved higher even as market participants digested some disappointing economic data. The major movers in the sector included Pan American Silver Corp. (USA) (NASDAQ: PAAS), Silvercorp Metals Inc. (USA) (NYSE: SVM), Silver Standard Resources Inc. (USA) (NASDAQ: SSRI), and Great Panther Silver Ltd. (USA) (AMEX: GPL). StockCall has released full comprehensive research on PAAS, SVM, SSRI, and GPL and these free technical analyses can be downloaded by signing up at
Shares in Pan American Silver Corp. rallied on Monday, reversing some of its losses from Friday’s trading session. The company’s shares traded between $12.30 and $12.80 before finishing the day 4.42% higher at $12.75. A total of 2.92 million shares were traded yesterday which is above the daily average volume of 2.53 million. Shares of PAAS had fallen over 5.60% in the last trading session of the previous week. So far this year, the stock has fallen over 30.70% as silver prices have struggled. The stock is currently trading over 43% below its 5-week high. Free technical analysis on PAAS available by signing up at
Silvercorp Metals Inc.’s stock was one of the best performers in the basic materials sector yesterday. The company’s shares hit an intraday high of $3.21 before finishing the day 2.56% higher at $3.20. A total of 978,172 shares were exchanged throughout the day which is below the daily average volume of 1.01 million. Shares of SVM have now gained over 9.20% in the last three sessions. However, despite the recent growth, the stock is still down over 37.10% so far in 2013. Shares of Silvercorp have crossed above their 50-day moving average as a result of the recent rally. Register today and access the free research on SVM at
Shares in Silver Standard Resources Inc. moved higher on Monday, extending their gains from previous trading sessions. The company’s shares ended the day 1.91% higher at $8.01 after trading between $7.88 and $8.28. It saw total volume of 1 million shares which is below the daily average volume of 1.41 million. Shares of SSRI have now grown over 5.20% in the last three trading sessions. However, despite the recent gains, the stock is still trading over 52.60% below its 52-week high. The free report on SSRI can be downloaded by signing up now at
Great Panther Silver Ltd’s stock also extended its recent gains in its most recent trading session. The company’s shares hit an intraday high of $1 before finishing the day 2.46% higher at $0.999. A total of 509,260 shares were traded which is slightly below the daily average volume of 524,154. Shares of GPL have now grown over 17.50% in the last three sessions. However, despite the recent rally, the stock is still down over 34.70% so far in 2013, underperforming the S&P 500. Free report on GPL can be accessed by registering at
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
William T. Knight
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)
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