Silver's (HL) (SSRI) (MGN) (SVM) (AXU) Trade Up as Silver, Gold Rebound

Silver companies Hecla Mining (NYSE:HL), Silver Standard Resources (NASDAQ:SSRI), Mines Management (AMEX:MGN), Silvercorp Metals Inc. (NYSE:SVM) and Alexco Resource (AMEX: AXU) closed up Monday as silver prices turned around on Monday.

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.

Silvercorp Metals Inc. (NYSE:SVM) closed Monday at $11.64, gaining $0.50, or 4.49 percent. Mines Management (MGN) closed at $2.33, jumping $0.13, or 5.91 percent. Hecla Mining closed at $8.65, up $0.56, or 6.92 percent.