Silver miners soared in 2010 as the price of silver broke the $30 mark and surging gold prices resulted in investors migrating to silver as a less expensive alternative to gold. Endeavour Silver(AMEX:EXK), Alexco Resource (AMEX:AXU), Silver Wheaton (NYSE:SLW), Pan American Silver (Nasdaq:PAAS) and Silver Standard Resources(Nasdaq:SSRI) all ended the year strongly and on a positive note.
Endeavour Silver ended the year at $7.34, gaining $0.12 on December 31, up 1.66 percent. The company had a 52-week trading range of $2.86 to $7.61. They ended the year with a market cap of $515.03 million.
Alexco Resource closed the year out at $8.19, rising $0.43 on the last trading day, up 5.56 percent. The trading range for 2010 was from $2.79 to $8.99. They ended the year with a market cap of $442.29 million.
Silver Wheaton finished off the year at $39.04, rising $1.17 on Friday, a gain of 3.09 percent. The 2010 trading range for them was $13.04 to $42.34. They closed off the year with a market cap of $13.53 billion.
Pan American Silver ended 2010 at $41.21, up $0.22 on the final trading day of the year, increasing 0.54 percent. Their trading range for the year was $20.00 to $41.82. Their market cap heading into 2011 is $4.42 billion.
Silver Standard Resources finished 2010 at $28.22, gaining $0.19, or 0.68 percent on the last day of the year. Their 52-week trading range was $15.61 to $29.95. The market cap they ended the year with was $2.23 billion.
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