Silver's (GPL) (CDE) (PAAS) (AG) (MVG) Trade Mixed as Silver, Gold Rebound

Silver companies Great Panther (AMEX:GPL), Coeur d'Alene Mines (NYSE:CDE), Pan American Silver (NASDAQ:PAAS), First Majestic (NYSE:AG) and Mag Silver Corporation (AMEX:MVG) closed mixed Monday as silver prices turned around on Monday.

With the exception of Coeur d'Alene Mines, the rest of the silver mining companies listed above traded positive.

Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.

According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).

Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.

The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.

First Majestic (AG) closed Monday at $19.77, gaining $1.53, or 8.39 percent. Pan American Silver (PAAS) closed at $34.31, jumping $1.10, or 3.31 percent. Great Panther (GPL) closed at $3.48, up $0.17, or 5.14 percent.