Investors looking to gold and silver for safety as equities drop, pushing up the price of the precious metals and silver companies like Silver Wheaton (NYSE:SLW), Hecla Mining (NYSE:HL), Coeur d'Alene Mines (NYSE:CDE), Pan American Silver (NASDAQ:PAAS) and Silvercorp Metals Inc. (NYSE:SVM).
Silver prices are up with the most actively traded contract, for July delivery, recently up 22.3 cents, or 0.6 percent, at $35.155 a troy ounce.
The most actively traded gold contract, for June delivery, was recently up $19.70, or $1.3 percent, at $1,512.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silvercorp Metals Inc. (SVM) was trading at $10.28, gaining $0.04, or 0.39 percent, as of 1:30 PM EDT. Pan American Silver (PAAS) was trading at $32.94, gaining $0.51, or 1.57 percent. Coeur d'Alene Mines (CDE) was at $8.14, rising $0.09, or 1.42 percent. Hecla Mining (HL) was trading at $0.09, climbing $1.12, or 3.04 percent. Silver Wheaton (:SLW) was at $35.37, jumping $0.67, or 1.93 percent.
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