#Silver stocks - Strong advance yesterday

 Silver shares did extremely well yesterday. A

nice Christmas gift!

 

We couldn't find any particular reason for the

strong advance. However, as attachment 1 shows,

the silver futures price was up % 1.6% to

US$ 17.50 per ounce.

 

There was a comment by former FED Chairman

Allan Greenspan on inflation (attachment 2).

 

The following is a list of silver (or so called

silver stocks). Most of these companies have

the majority of revenues from gold but the

market treats them as silver stocks.

 

Coeur Mining (CDE)                         US$  7.65 + 10.1%

Hecla Mining (HL)                            US$  3.26 +   8.7%

Fortuna Silver (FVI)                          CAD 4.82 +   8.6%

First Majestic Silver (AG)                 US$ 11.23 +  8.4%

Americas Silver Corp. (USA)            US$   4.14 +  7.8%

SSRM Mining (SSRM)                      US$ 17.55 +  6.0%

MAG Silver (MAG)                           US$ 11.14  + 5.5%

Wheaton Precious Metals (WPM)     US$ 28.50  + 4.8%

PanAmerican Silver (PAAS)             US$ 22.43  + 3.8%

 

and the largest silver share ETF:

 

Global X Silver Miners ETF             US$ 31.74  + 4.30%

 

The daily chart is on attachment 3.

 

Attachment 4 displays some stocks of the Philadelphia Gold

and Silver Index (XAU). All the stocks in the Table advanced.

Attachment 5 displays the daily chart of this index.