Silver Wheaton Corp. (SLW), BASF SE (BASFY), Halcon Resources (HK), Jabil Circuit, Inc. (JBL), Knology, Inc. (KNOL), Leap Wireless (LEAP) and Nordion (NDZ) had ratings and price targets on them adjusted by analysts.
Macquarie downgraded Silver Wheaton Corp. (SLW) from an "Outperform" rating to a "Neutral" rating.
Citigroup downgraded BASF SE (BASFY) from a "Buy" rating to a "Neutral" rating.
Global Hunter downgraded Securities Halcon Resources (HK) from an "Accumulate" rating to a "Neutral" rating. They raised their price target on the company from $6.60 to $11.00.
Needham & Company downgraded Jabil Circuit, Inc. (JBL) from a "Strong-Buy" rating to a "Buy" rating. They raised their price target on the company from $26.00 to $29.00.
Stifel Nicolaus downgraded Knology, Inc. (KNOL) from a "Buy" rating to a "Hold" rating
Sanford C. Bernstein downgraded Leap Wireless (LEAP) from a "Outperform" rating to a "Market Perform" rating
Desjardins downgraded Nordion (NDZ) from a "Buy" rating to a "Hold" rating.
Showing posts with label Silver Wheaton. Show all posts
Showing posts with label Silver Wheaton. Show all posts
Monday, March 5, 2012
Friday, March 2, 2012
Hecla (HL) (PAAS) (SSRI) (SLW) (SVM) Down on Falling Silver Prices
Hecla Mining (HL), Pan American Silver Corp. (PAAS), Silver Standard Resources Inc. (SSRI), Silver Wheaton (SLW) and Silvercorp Metals (SVM) are all trading down today as silver price remain under pressure in light of the probability there will be no more quantitative easing in the near term.
Silver was priced at $34.785, down $0.38 or 2.32 percent, as of 1:00 PM EST.
Federal Reserve chairman Ben Bernanke made no mention of it in a recent speech, prompting investors to flee the sector. Gold prices have also been falling in response.
Other concerns on the industrial side of silver is the ongoing weakness of the global economy, especially uncertainty over the strength and sustainability of the Chinese economy.
Also pushing silver and gold prices down is the temporary strength of the U.S. dollar, which is strong against most major currencies today.
Pan American Silver was trading at $24.70, down $0.55, or 2.19 percent, as of 12:56 PM Est. Hecla Mining was at $4.97, falling $0.08, or 1.58 percent. Silver Standard Resources was trading at $16.74, declining $0.40, or 2.33 percent. Silvercorp Metals was at $7.22, down $0.14, or 1.83 percent. Silver Wheaton was plunging to $37.39, dropping $1.39, or 3.59 percent.
Silver was priced at $34.785, down $0.38 or 2.32 percent, as of 1:00 PM EST.
Federal Reserve chairman Ben Bernanke made no mention of it in a recent speech, prompting investors to flee the sector. Gold prices have also been falling in response.
Other concerns on the industrial side of silver is the ongoing weakness of the global economy, especially uncertainty over the strength and sustainability of the Chinese economy.
Also pushing silver and gold prices down is the temporary strength of the U.S. dollar, which is strong against most major currencies today.
Pan American Silver was trading at $24.70, down $0.55, or 2.19 percent, as of 12:56 PM Est. Hecla Mining was at $4.97, falling $0.08, or 1.58 percent. Silver Standard Resources was trading at $16.74, declining $0.40, or 2.33 percent. Silvercorp Metals was at $7.22, down $0.14, or 1.83 percent. Silver Wheaton was plunging to $37.39, dropping $1.39, or 3.59 percent.
Thursday, March 1, 2012
Silver, Gold Jump After Big Selloff
A day after silver and gold were hammered, the two precious metals rebounded after investors took advantage to get in at a good price.
Silver and gold prices have been soaring, and were due for a correction.
Silver for May delivery climbed $1.02, or 2.9 percent, to $35.66 an ounce. Gold for April delivery rose $10.90, or 0.6 percent, to end the session at $1,722,20 an ounce on the Comex division of the New York Mercantile Exchange.
Neither the long-term outlook for silver or gold has changed, and the upward price momentum, over time, will continue.
Other metals were also up today, including May copper, which was up 5 cents, or 1.4 percent, to $3.92 a pound.
April platinum rose $8.50, or 0.5 percent, to $1,701.10 an ounce. Palladium for June delivery jumped $8.35, or 1.2 percent, to $715 an ounce.
Silver Wheaton closed at $38.80, gaining $0.43, or 1.12 percent. First Majestic Silver closed at $20.80, jumping $0.34, or 1.66 percent. Silvercorp Metals closed at $7.36, up $0.01, or 0.14 percent.
Silver and gold prices have been soaring, and were due for a correction.
Silver for May delivery climbed $1.02, or 2.9 percent, to $35.66 an ounce. Gold for April delivery rose $10.90, or 0.6 percent, to end the session at $1,722,20 an ounce on the Comex division of the New York Mercantile Exchange.
Neither the long-term outlook for silver or gold has changed, and the upward price momentum, over time, will continue.
Other metals were also up today, including May copper, which was up 5 cents, or 1.4 percent, to $3.92 a pound.
April platinum rose $8.50, or 0.5 percent, to $1,701.10 an ounce. Palladium for June delivery jumped $8.35, or 1.2 percent, to $715 an ounce.
Silver Wheaton closed at $38.80, gaining $0.43, or 1.12 percent. First Majestic Silver closed at $20.80, jumping $0.34, or 1.66 percent. Silvercorp Metals closed at $7.36, up $0.01, or 0.14 percent.
Friday, December 9, 2011
Silver Wheaton (SLW) (HL) (SVM) (PAAS) (SSRI) (CDE) (AG) Close Down
Shares of Silver Wheaton (NYSE:SLW), Hecla Mining (NYSE:HL), Silvercorp Metals Inc. (NYSE:SVM), Endeavour Silver (AMEX: EXK), Pan American Silver (NASDAQ:PAAS), Silver Standard Resources (NASDAQ:SSRI), Coeur d'Alene Mines (NYSE:CDE) and First Majestic (NYSE:AG) closed down as uncertainty concerning the direction the EU will take to address the crisis continues.
March contracts for silver dropped $1.09 to closed at $31.54 an ounce.
Gold for February delivery ended the day at $31.40, falling 1.8 percent, to close at $1,713.40 an ounce.
Silvercorp closed at $7.07, down $0.27, or 3.68 percent. First Majestic ended the day at $15.73, falling $0.83, or 5.01 percent. Coeur d'Alene Mines fell to $28.34, losing $0.77, or 2.65 percent. Silver Standard Resources ended the day even, at $14.36. Pan American Silver closed slightly down at $24.44, falling 0.03, or 0.12 percent. Silvercorp Metals Inc. closed at $7.07, dropping $0.27, or 3.68 percent. Hecla fell to $6.36, declining $0.21, or 3.20 percent. Silver Wheaton ended the day at $32.88, down $0.58, or 1.73 percent.
March contracts for silver dropped $1.09 to closed at $31.54 an ounce.
Gold for February delivery ended the day at $31.40, falling 1.8 percent, to close at $1,713.40 an ounce.
Silvercorp closed at $7.07, down $0.27, or 3.68 percent. First Majestic ended the day at $15.73, falling $0.83, or 5.01 percent. Coeur d'Alene Mines fell to $28.34, losing $0.77, or 2.65 percent. Silver Standard Resources ended the day even, at $14.36. Pan American Silver closed slightly down at $24.44, falling 0.03, or 0.12 percent. Silvercorp Metals Inc. closed at $7.07, dropping $0.27, or 3.68 percent. Hecla fell to $6.36, declining $0.21, or 3.20 percent. Silver Wheaton ended the day at $32.88, down $0.58, or 1.73 percent.
Monday, May 23, 2011
Silver Wheaton (SLW) Soars on Friday
Shares of Silver wheaton (NYSE:SLW) rebounded on Friday as concerns over the faltering European Union and its sovereign debt crisis pushed silver and gold prices up as investors fled to safety.
Silver closed at $35.16, up 0.6 percent, but down by about 30 percent since a record high on April 28 of $49.51.
June gold closed on Friday at $1,508.90 an ounce, up $16.50, trading in a range of $1,486.40 and $1,515.80.
For the Week gold was up by about 1.15 percent, but still down 4 percent from the all-time high of $1,575 an ounce reached in the early part of May.
Silver Wheaton Corp. operates as a silver streaming company around the world. It generates revenue from royalty deals.
Silver wheaton (SLW) closed Friday at $35.08, up $0.38, or 1.10 percent. It has a market cap of $12.39 billion.
Silver closed at $35.16, up 0.6 percent, but down by about 30 percent since a record high on April 28 of $49.51.
June gold closed on Friday at $1,508.90 an ounce, up $16.50, trading in a range of $1,486.40 and $1,515.80.
For the Week gold was up by about 1.15 percent, but still down 4 percent from the all-time high of $1,575 an ounce reached in the early part of May.
Silver Wheaton Corp. operates as a silver streaming company around the world. It generates revenue from royalty deals.
Silver wheaton (SLW) closed Friday at $35.08, up $0.38, or 1.10 percent. It has a market cap of $12.39 billion.
Friday, May 20, 2011
Silver Wheaton (SLW) (HL) (CDE) (PAAS) (SVM) Jump As Silver Prices Soar
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.
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.
Silver Wheaton (SLW) Trades Up While Silver Prices Fall
Silver Wheaton (NYSE:SLW) traded down as silver prices fell on Thursday.
Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.
Gold for June delivery closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.
Extremely bad news on Obama's economy pressured the commodity sector.
July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.
Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.
Silver Wheaton Corp. operates as a silver streaming company around the world, generating revenue from royalty deals.
Silver Wheaton (SLW) closed Thursday at $34.23, gaining $0.23, or 0.67 percent.
Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.
Gold for June delivery closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.
Extremely bad news on Obama's economy pressured the commodity sector.
July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.
Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.
Silver Wheaton Corp. operates as a silver streaming company around the world, generating revenue from royalty deals.
Silver Wheaton (SLW) closed Thursday at $34.23, gaining $0.23, or 0.67 percent.
Thursday, May 19, 2011
Miners (SVM) (MFN) (EXK) (AXU) (SLW) Trade Up as Silver Rebounds
Shares of Silvercorp Metals Inc. (NYSE:SVM), Minefinders Corp. Ltd. (AMEX:MFN), Endeavour Silver (AMEX: EXK), Alexco Resource (AMEX: AXU) and Silver Wheaton (NYSE:SLW) as silver, gold and the majority of other commodity prices climbed on the day.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Silvercorp Metals Inc. (SVM) closed Wednesday at $10.38, gaining $0.36, or 3.59 percent.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Silvercorp Metals Inc. (SVM) closed Wednesday at $10.38, gaining $0.36, or 3.59 percent.
Wednesday, May 18, 2011
Miners (SLW) (PAAS) (HL) (CDE) All Close Up Tuesday
Shares of Silver Wheaton (NYSE:SLW), Pan American Silver (NASDAQ:PAAS), Hecla Mining (NYSE:HL) and Coeur d'Alene Mines (NYSE:CDE) closed up on Tuesday, as silver prices were up slightly on the day.
Silver gained 0.7 percent to settle at $33.80 an ounce. Since the latter part of April it has fallen almost 33 percent from a record high of $49.51.
Gold futures for June delivery closed down $10.60, or 0.7 percent, at $1,480.00 per ounce in New York. Trade ranged from a low $1,471.10 to a high of $1,497.50.
Silver Wheaton (SLW) closed Tuesday at $34.32, gaining $0.57, or 1.69 percent.
Endeavor Silver (AMEX:EXK) closed the same as Monday, while First Majestic (NYSE:AG) and Silvercorp Metals Inc. (NYSE:SVM) both closed down.
Silver gained 0.7 percent to settle at $33.80 an ounce. Since the latter part of April it has fallen almost 33 percent from a record high of $49.51.
Gold futures for June delivery closed down $10.60, or 0.7 percent, at $1,480.00 per ounce in New York. Trade ranged from a low $1,471.10 to a high of $1,497.50.
Silver Wheaton (SLW) closed Tuesday at $34.32, gaining $0.57, or 1.69 percent.
Endeavor Silver (AMEX:EXK) closed the same as Monday, while First Majestic (NYSE:AG) and Silvercorp Metals Inc. (NYSE:SVM) both closed down.
Tuesday, May 17, 2011
Silver Wheaton (SLW) Plunges Along with Silver Prices
Silver Wheaton (NYSE:SLW) plummeted in Wednesday trading, as silver prices plunged again in the extremely volatile market.
The most-actively traded silver contract, for July delivery, settled down $2.971, or 7.7 percent, at $35.515 per troy ounce on the Comex division of the New York Mercantile Exchange. Silver for May delivery was down $2.971, or 7.7 percent, at $35.509.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity sell-off, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
Silver Wheaton Corp. operates as a silver streaming company around the world.
Silver Wheaton (SLW) closed Wednesday at $33.94, falling $2.86, or 7.77 percent.
The most-actively traded silver contract, for July delivery, settled down $2.971, or 7.7 percent, at $35.515 per troy ounce on the Comex division of the New York Mercantile Exchange. Silver for May delivery was down $2.971, or 7.7 percent, at $35.509.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity sell-off, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
Silver Wheaton Corp. operates as a silver streaming company around the world.
Silver Wheaton (SLW) closed Wednesday at $33.94, falling $2.86, or 7.77 percent.
Silver Wheaton (SLW) Continues to Struggle with Silver Prices
Shares of Silver Wheaton ((NYSE:SLW) traded down Monday as silver and gold prices were down slightly on the trading day.
Silver prices ended the day down 88 cents to close at $34.13 an ounce.
Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.
The U.S. dollar index fell 0.43 percent to $75.38.
The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.
Silver Wheaton Corp. operates as a silver streaming company worldwide, generating revenue through royalty agreements.
Silver Wheaton (SLW) closed Monday at $33.75, falling $0.35, or 0.03 percent.
Silver prices ended the day down 88 cents to close at $34.13 an ounce.
Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.
The U.S. dollar index fell 0.43 percent to $75.38.
The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.
Silver Wheaton Corp. operates as a silver streaming company worldwide, generating revenue through royalty agreements.
Silver Wheaton (SLW) closed Monday at $33.75, falling $0.35, or 0.03 percent.
Monday, May 16, 2011
Silver Wheaton (SLW) (SSRI) (MGN) (AG) (MVG) Trade Mixed As Silver Rebounds
Silver Wheaton (NYSE:SLW), Silver Standard Resources (NASDAQ:SSRI), Mines Management (AMEX:MGN), First Majestic (NYSE:AG) and Mag Silver Corporation (AMEX:MVG) traded mixed as silver climbed.
Silver and gold prices went through a reversal Friday, as gold closed down and silver rebounded to close higher, putting pressure on .
Silver prices settled up 21 cents to $35.01 an ounce. Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Silver Wheaton (NYSE:SLW) closed Friday at $34.10, down $0.14, or 0.41 percent.
Silver and gold prices went through a reversal Friday, as gold closed down and silver rebounded to close higher, putting pressure on .
Silver prices settled up 21 cents to $35.01 an ounce. Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Silver Wheaton (NYSE:SLW) closed Friday at $34.10, down $0.14, or 0.41 percent.
Wednesday, May 11, 2011
Miners (HL) (SLW) (SVM) (AXU) (EXK) Trade Down Even as Silver Jumps Again
Shares of silver firms Hecla Mining (NYSE:HL), Silver Wheaton (NYSE:SLW), Silvercorp Metals Inc. (NYSE:SVM), Alexco Resource (AMEX: AXU) and Endeavour Silver (AMEX: EXK) closed down Tuesday, even though silver closed in positive territory.
Silver also extended its rebound, with the July contract gaining $1.37, or 3.7 percent, to $38.47 an ounce.
Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.
Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.
HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to from $1,300 $1,500 for 2012.
For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and from $20 $29 in 2012.
Platinum is seen closing 2011 from $1,750 to $1,850, according to HSBC, and ending 2012 at $1,750 from $1,650.
For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.
Endeavour Silver (EXK) closed at $10.03, down $0.08, or 0.79 percent.
Silver also extended its rebound, with the July contract gaining $1.37, or 3.7 percent, to $38.47 an ounce.
Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.
Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.
HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to from $1,300 $1,500 for 2012.
For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and from $20 $29 in 2012.
Platinum is seen closing 2011 from $1,750 to $1,850, according to HSBC, and ending 2012 at $1,750 from $1,650.
For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.
Endeavour Silver (EXK) closed at $10.03, down $0.08, or 0.79 percent.
Tuesday, May 10, 2011
Price Targets on (SLW) (LQDT) (RAX) (ROSE) Updated
Price targets on Silver Wheaton Corp. (NYSE: SLW), Liquidity Services (NASDAQ: LQDT), Rackspace Hosting, Inc. (NYSE: RAX) and Rosetta Resources Inc. (NASDAQ: ROSE) updated by analysts.
RBC Capital cut their price target on Silver Wheaton Corp. (SLW) from $57.00 to $55.00. They have an “outperform” rating on the company.
Barrington Research raised their price target on Liquidity Services (NASDAQ: LQDT) from $20.50 to $24.50. They have an “outperform” rating on the company.
Kaufman Brothers raised their price target on Rackspace Hosting, Inc. (NYSE: RAX) from $35.00 to $38.00. They have a “hold” rating on the company.
RBC Capital raised their price target on Rosetta Resources Inc. (ROSE) from $50.00 to $56.00. They have an “outperform” rating on the company.
Rodman & Renshaw raised their price target on Rosetta Resources Inc. (ROSE) from $53.00 to $59.00. They have an “outperform” rating on the company.
RBC Capital cut their price target on Silver Wheaton Corp. (SLW) from $57.00 to $55.00. They have an “outperform” rating on the company.
Barrington Research raised their price target on Liquidity Services (NASDAQ: LQDT) from $20.50 to $24.50. They have an “outperform” rating on the company.
Kaufman Brothers raised their price target on Rackspace Hosting, Inc. (NYSE: RAX) from $35.00 to $38.00. They have a “hold” rating on the company.
RBC Capital raised their price target on Rosetta Resources Inc. (ROSE) from $50.00 to $56.00. They have an “outperform” rating on the company.
Rodman & Renshaw raised their price target on Rosetta Resources Inc. (ROSE) from $53.00 to $59.00. They have an “outperform” rating on the company.
Silver's (SLW) (FVITF) (ISVLF) (MFN) (EXK) Trade Up as Silver, Gold Rebound
Silver companies Silver Wheaton (NYSE:SLW), Fortuna (OTC:FVITF.PK), Impact Silver (OTC:ISVLF.PK), Minefinders Corp. Ltd. (AMEX:MFN) and Endeavour Silver (AMEX: EXK) closed up Monday as silver prices turned around on Monday.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Endeavour Silver (AMEX: EXK) closed Monday at $10.11, gaining $0.81, or 8.71 percent. Impact Silver (ISVLF) closed at $2.282, jumping $0.2595, or 12.83 percent.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Endeavour Silver (AMEX: EXK) closed Monday at $10.11, gaining $0.81, or 8.71 percent. Impact Silver (ISVLF) closed at $2.282, jumping $0.2595, or 12.83 percent.
Monday, May 9, 2011
Silver's (SLW) (FVITF) (MGN) (AG) (SVM) After Metal Trades Down
Silver prices continued to be pressured Friday, as it has been weighed down by the investors takeing profits in recent trade, and increased margin requirements, which has dragged silver companies Fortuna (OTC:FVITF.PK) Mines Management (AMEX:MGN), First Majestic (NYSE:AG), Silvercorp Metals Inc. (NYSE:SVM) and Silver Wheaton (NYSE:SLW) down on the week, although most rebounded on Friday.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Silver Wheaton (SLW) closed Friday at $35.82, gaining $0.67, or 1.91 percent.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Silver Wheaton (SLW) closed Friday at $35.82, gaining $0.67, or 1.91 percent.
Friday, May 6, 2011
Hecla (HL) (AG) (FVITF) (SVM) (SLW) Hammered as Silver Drops
First Majestic (NYSE:AG), Hecla Mining (NYSE:HL), Fortuna (OTC:FVITF.PK), Silvercorp Metals Inc. (NYSE:SVM) and Silver Wheaton (NYSE:SLW) got crushed Thursday as gold and silver prices continued their fall.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
Silver Wheaton closed at $35.15, dropping $1.98, or 5.33 percent. Silvercorp Metals closed at $10.77, down $1.13, or 9.50 percent.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
Silver Wheaton closed at $35.15, dropping $1.98, or 5.33 percent. Silvercorp Metals closed at $10.77, down $1.13, or 9.50 percent.
Thursday, May 5, 2011
Silver Firms (SLW) (HL) (ISVLF) (SVM) (AXU) Trade Mixed as Silver Takes Beating
Even though silver prices got pummeled again Wednesday, silver producers or companies Silver Wheaton (NYSE:SLW), Hecla Mining (NYSE:HL), Impact Silver (OTC:ISVLF.PK), Silvercorp Metals Inc. (NYSE:SVM) and Alexco Resource (AMEX: AXU) closed the trading day mixed, rebounding from recent losses.
The ongoing plunge in silver prices pressured commodities one Wednesday as investors sold holdings to take money off the table after weeks of prices rising in the sector.
Silver dropped $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver approached the elusive $50 an ounce mark last week.
Silver for July delivery dropped $2.820, at $39.765 per troy ounce.
Despite silver's three-day fall, the price is still 27.3 percent higher on the year.
Gold for June delivery, the most actively traded contract, fell $25.10 to $1,515.30 an ounce.
The U.S. dollar index lost 0.15 percent to $73.01.
Silver Wheaton closed Wednesday at $37.13, gaining $0.22, or 0.60 percent.
The ongoing plunge in silver prices pressured commodities one Wednesday as investors sold holdings to take money off the table after weeks of prices rising in the sector.
Silver dropped $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver approached the elusive $50 an ounce mark last week.
Silver for July delivery dropped $2.820, at $39.765 per troy ounce.
Despite silver's three-day fall, the price is still 27.3 percent higher on the year.
Gold for June delivery, the most actively traded contract, fell $25.10 to $1,515.30 an ounce.
The U.S. dollar index lost 0.15 percent to $73.01.
Silver Wheaton closed Wednesday at $37.13, gaining $0.22, or 0.60 percent.
Wednesday, May 4, 2011
Pain for (SLW) (HL) (GPL) (AG) (MFN) As Silver Plummets
Shares of silver companies Silver Wheaton (NYSE:SLW), Hecla Mining (NYSE:HL), Great Panther (AMEX:GPL), First Majestic (NYSE:AG) and Minefinders Corp. Ltd. (AMEX:MFN) were punished again as silver prices fell in Tuesday trading.
Silver plunged another $3.49 Tuesday to settle at $42.576 per troy ounce on the Comex division of the Nymex. In after hours trading the price almost dropped below $40 an ounce.
Much of this has been the result of he decision by the CME Group to raise margin requirements by 11.6 percent, starting at the close of market on Tuesday.
To buy a 5,000 ounce contract, silver traders will now have to put up $16,200.
Leverage traders cut their silver positions over the last couple of days, driving the price of silver down. Expectations are silver could bottom out as about $38 if there's more leverage abandoning the market.
Other than some speculation, other reasons for the boost in silver prices include the collapsing U.S. dollar, tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, deepening inflation and consequences of the Japanese earthquake. India also raised its interest rates unexpectedly on Tuesday, putting some downward pressure on gold and silver as well.
Hecla Mining closed Tuesday at $8.42, falling $0.45, or 5.07 percent.
Silver plunged another $3.49 Tuesday to settle at $42.576 per troy ounce on the Comex division of the Nymex. In after hours trading the price almost dropped below $40 an ounce.
Much of this has been the result of he decision by the CME Group to raise margin requirements by 11.6 percent, starting at the close of market on Tuesday.
To buy a 5,000 ounce contract, silver traders will now have to put up $16,200.
Leverage traders cut their silver positions over the last couple of days, driving the price of silver down. Expectations are silver could bottom out as about $38 if there's more leverage abandoning the market.
Other than some speculation, other reasons for the boost in silver prices include the collapsing U.S. dollar, tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, deepening inflation and consequences of the Japanese earthquake. India also raised its interest rates unexpectedly on Tuesday, putting some downward pressure on gold and silver as well.
Hecla Mining closed Tuesday at $8.42, falling $0.45, or 5.07 percent.
Tuesday, May 3, 2011
Silver Bubble for (SLW) (SLV) (SVM) (EXK) (AG)?
With the soaring price of silver, the question is increasingly being asked if silver has now reached bubble proportions and if it's time to sell companies and ETFs like Silver Wheaton Corp., (NYSE:SLW), First Majestic Silver Corp. (NYSE:AG), Silvercorp Metals Inc. (NYSE:SVM), iShares Silver Trust (NYSE:SLV) and Endeavour Silver Corp. (NYSE:EXK).
Some have pointed out the positive media coverage concerning investing in silver as a reason to believe it has reached bubble proportions. While that is one possible indicator, it's somewhat weak, because you could pick out any company or sector and make the same conclusion if it's garnering positive comments. Look at Apple (NASDAQ:AAPL) as an example.
That's not to say there won't be a correction with silver, as it's a given in light of the recent rise in silver prices.
But a bubble implies a price that's not in line with realities, and I can't see that with silver, at least over the long term, as it's an alternative to gold in the investment realm as a hedge against inflation and a place of safety. Add to that growing industrial demand and you have an excellent long-term investment.
In the short term, it is definitely going to correct. With the history of silver being extremely volatile, we'll see some big price swings going forward, but that's simply part of the experience of investing in silver.
As for the silver stocks listed above, they've had a nice boost in share price, but recently have been pulling back. That appears to imply there is some disbelief by investors over the near term concerning the sustainability of of silver prices. They're probably correct.
It's probably not a good time to enter silver, and possibly time to take some profits off the table. But over the long term, taking into account the policies of the Federal Reserve and weak economy, silver should have some way to go before topping off, although it'll be a pretty wild ride.
The bottom line is whether the underlying fundamentals support the price of equities or commodities, and in the case of silver, there's nothing to suggest at this time the fundamentals have changed.
Some have pointed out the positive media coverage concerning investing in silver as a reason to believe it has reached bubble proportions. While that is one possible indicator, it's somewhat weak, because you could pick out any company or sector and make the same conclusion if it's garnering positive comments. Look at Apple (NASDAQ:AAPL) as an example.
That's not to say there won't be a correction with silver, as it's a given in light of the recent rise in silver prices.
But a bubble implies a price that's not in line with realities, and I can't see that with silver, at least over the long term, as it's an alternative to gold in the investment realm as a hedge against inflation and a place of safety. Add to that growing industrial demand and you have an excellent long-term investment.
In the short term, it is definitely going to correct. With the history of silver being extremely volatile, we'll see some big price swings going forward, but that's simply part of the experience of investing in silver.
As for the silver stocks listed above, they've had a nice boost in share price, but recently have been pulling back. That appears to imply there is some disbelief by investors over the near term concerning the sustainability of of silver prices. They're probably correct.
It's probably not a good time to enter silver, and possibly time to take some profits off the table. But over the long term, taking into account the policies of the Federal Reserve and weak economy, silver should have some way to go before topping off, although it'll be a pretty wild ride.
The bottom line is whether the underlying fundamentals support the price of equities or commodities, and in the case of silver, there's nothing to suggest at this time the fundamentals have changed.
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