Silver Wheaton (NYSE:SLW), Pan American Silver (NASDAQ:PAAS), First Majestic Silver (NYSE:AG) Jump on Rising Silver Prices

Silver futures and spot silver rose over the $30 an ounce market today, driving up the prices of silver companies such as Silver Wheaton (NYSE:SLW), Pan American Silver (NASDAQ:PAAS) and First Majestic Silver (NYSE:AG).

All three of the companies were trading over 3 percent earlier in the session, and have pulled back a little, hovering just under the three percent mark.

Driving the price of silver today are concerns over supply and rising inflation.

Silver Wheaton was trading at $35.05, $0.97, up 2.85 percent, as of 1:59 PM EST. Pan American Silver was trading at $35.35, up $1.02, or 2.97 percent. First Majestic Silver was at $13.86, gaining $0.34, or 2.51 percent.