Miners (SSRI) (CDE) (FVITF) (ISVLF) (AG) Trade Up as Silver Rebounds

Shares of Silver Standard Resources (NASDAQ:SSRI), Coeur d'Alene Mines (NYSE:CDE), Fortuna (OTC:FVITF.PK), Impact Silver (OTC:ISVLF.PK) and First Majestic (NYSE:AG) 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.

First Majestic (AG) closed Wednesday at $17.73, gaining $0.77, or 4.54 percent.