Gold And Silver On Fire As Fed Keeps Q.E. On Cruise Control
Wednesday, September 18, 2013 at 10:29PM
Silver Prices

Silver, gold’s more rambunctious cousin, shot 8.7% higher from its intraday low to trade above $23 per ounce.  The iShares Silver Trust (SLV), which tracks the metal, was up 6.44% on the day.  The SPDR Gold Trust (GLD) gained 4.47%.

The Silver miners are riding high.  Up nearly 10% on the day are Vancouver-based Pan American Silver (PAAS), which sports a beefy 4.5% dividend yield, and Silver Wheaton SLW +9.1% (SLW), which yields 1.6%.  Silvercorp Metals SVM +14.46% (SVM) is up almost 15%, and Silver Standard Resources, also based in Vancouver, B.C., is  nearly 13% higher.

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