Tuesday, March 29, 2011

Silver Wheaton (SLW) Holding its Own

Shares of Silver Wheaton (NYSE:SLW) continue to be resilient, and even when they have a correction, they bounce back not too long afterwards, as investors appear to use temporary catalysts to take some profits and not long afterwards it rebounds again, as it has recently.

Expectations are Silver Wheaton will double earnings for each of the next couple of years.

At this time Silver Wheaton has 14 silver agreements in place which they generate streaming revenue from. That could easily grow, although it won't be as cheap as the approximate $4 an ounce they enjoy now.

Silver Wheaton continues to be the largest streaming metals firm in the world.

It closed Monday at $42.70, falling $1.10, or 2.51 percent.

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