Paramount Gold and Silver (AMEX:PZG) Jumps

Shares of Paramount Gold and Silver (AMEX:PZG) closed up over 4 percent Monday, while gold prices were down slightly on the trading day.

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.

Silver prices ended the day down 88 cents to close at $34.13 an ounce.

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.

Paramount Gold and Silver Corp. participates in the acquisition, exploration, and development of gold, silver, and precious metal properties in the United States and Mexico.

Paramount Gold and Silver closed at $2.79, gaining $0.12, or 4.49 percent.