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.

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