Early Briefing and Review on Silvercorp Metals, Pan American Silver, Silver Standard Resources, and Great Panther Silver

 Early Briefing and Review on Silvercorp Metals, Pan American Silver, Silver
                 Standard Resources, and Great Panther Silver

PR Newswire

LONDON, March 28, 2013

LONDON, March 28, 2013 /PRNewswire/ --

Late buying in the market helped the indices to close flat. The markets
responded negatively to ongoing Cyprus crisis as it weighs in on its impact.
S&P 500 opened low but high buying volume helped it to trim the losses to
close at 1,562.85, down 0.06 percent. Silver prices remained range bound. Our
research team took a look at Basic Materials sector including major companies
Silvercorp Metals Inc. (NYSE: SVM), Pan American Silver Corp. (NASDAQ: PAAS),
Silver Standard Resources Inc. (NASDAQ: SSRI) and Great Panther Silver Ltd
(NYSE: GPL). StockCall has released free charting and technical research on
these aforementioned companies. Register to read these reports at


Silvercorp Metals Inc. traded in the range of $3.94 and $4.04 during its
Wednesday's trading session. It opened at $3.95 and closed at $4.03, up 0.25
percent. The stock is currently in a bullish mode and has its first resistance
level at $4.41. Upon breaching this level, the silver company may go as high
as $4.63. It traded 1.15 million shares and is above its 20-day moving average
price. Its first support level is at $3.89. So far in year 2013, the stock is
down 19.56 percent. Sign up for the free report on SVM at


Despite the downward movements shown by broad market indices, Pan American
Silver Corp.'s stock finished 2.22 percent higher at $16.57, with volume down
from daily average of 1.55 million to 1.15 million. Pan American Silver
Corp.'s stock is down so far in 2013 with its year-to-date loss at 8.76
percent. However, the stock currently shows a bullish trend which is further
confirmed by the stock's MACD chart. The company has its first support level
at $16.35. In the coming sessions, the stock is likely to go as high as
$16.95. PAAS free technical report can be accessed by signing up at


Silver Standard Resources Inc.'s stock rose sharply in its latest trading
session. The stock closed 1.23 percent higher at $10.69 with 640,200 share
volume. Despite the significant upward movement, the stock is still down more
than 26 percent for the year. In the past 52 weeks, the company is down 28.45
percent. The stock currently has support at $10.20 level. The stock's MACD
chart shows a neutral trend. The company may face its first resistance level
at $11.85. Upon breaching this level, the stock may go as high as $12.67. It
is a highly volatile stock as shown by its beta of 1.45. Free report on SSRI
can be accessed by registering at


Shares of Great Panther Silver Ltd closed flat at $1.29 on below average
volume of 185,545 shares, while its usual trading volume stands a 684,251. The
company's shares have lost more than 15 percent of its value this year,
underperforming the broad market. It has support at $1.26. The shares are
still trading below their 20-day and 50-day moving average price of $1.3 and
$1.41 respectively. It has traded in the range of $1.02 and $2.48 in the past
52 weeks and the company lost 42.92 percent of its value during the same time
period. Register with StockCall and download the research on GPL for free at


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