Pre-Market Analysis: Pan American Silver Corp., Silver Standard Resources
Inc., Silvercorp Metals Inc., and Fortuna Silver Mines Inc.
LONDON, October 17, 2013
LONDON, October 17, 2013 /PRNewswire/ --
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The U.S. equity market posted gains on Wednesday, October 16, 2013, with the
S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite rising
1.38%, 1.36%, and 1.20%, respectively. Shares in the silver industry ended on
a lower note, even as the broader market advanced. The major movers in the
industry included Pan American Silver Corporation (NASDAQ: PAAS), Silver
Standard Resources Inc. (NASDAQ: SSRI), Silvercorp Metals Inc. (NYSE: SVM),
and Fortuna Silver Mines Inc. (NYSE: FSM). All these companies are tracked by
AAAResearchReports.com. Free technical research on PAAS, SSRI, SVM, and FSM
can be downloaded upon signing up at:
Shares in Pan American Silver Corp. edged lower on Wednesday, reversing some
of the gains from the previous trading session. The company's shares ended the
day 0.98% lower at $10.07 after oscillating between $9.98 and $10.28. A total
of 1.40 million shares were traded, which is below the daily average volume of
2.81 million. Despite Wednesday's losses, the company's stock is up 1.82% in
the previous three trading sessions, compared to a gain of 1.08% in the S&P
500 during the same period. Moreover, Pan American Silver Corp.'s stock is
trading near its 52-week low of $9.78 and below its 50-day and 200-day moving
averages of $11.74 and $13.82, respectively. Sign up and read the
complimentary report on PAAS at:
On Wednesday, Silver Standard Resources Inc.'s stock declined to close at
$5.51, down 1.43% from the previous day's closing price of $5.59. The
company's shares fluctuated between $5.40 and $5.70 during the trading
session. A total of 0.97 million shares were traded, which is below the daily
average volume of 1.72 million. Despite Wednesday's pullback, the company's
shares are up 2.42% in the previous three trading sessions, outperforming the
S&P 500 which has gained 1.08% during the same period. Furthermore, Silver
Standard Resources Inc.'s stock is trading below its 50-day and 200-day moving
averages of $7.36 and $8.65, respectively. The free report on SSRI can be
downloaded by signing up now at:
Silvercorp Metals Inc.'s stock ended lower on Wednesday, reversing some of the
gains from the previous trading session. The company's shares traded between
$3.05 and $3.15 before finishing the day 1.28% lower at $3.09. A total of 0.83
million shares were traded, which is below the daily average volume of 1.18
million. Despite Wednesday's losses, the company's shares have gained 3.00% in
the previous three trading sessions and 10.75% in the last three months,
outperforming the S&P 500 which has advanced 1.08% and 2.70% during the
respective periods. Additionally, Silvercorp Metals Inc.'s stock is trading
below its 50-day and 200-day moving averages of $3.43 and $3.42, respectively.
A free report on SVM can be accessed by registering at:
On Wednesday, Fortuna Silver Mines Inc.'s stock fell by 3.59%, even as the
broader market advanced. The company's shares closed the day at $3.22, after
vacillating between $3.17 and $3.32. A total of 0.22 million shares were
traded, which is below the daily average volume of 0.23 million. The company's
shares have fallen by 4.73% in the previous three trading sessions,
underperforming the S&P 500 which has gained 1.08% during the same period.
Further, Fortuna Silver Mines Inc.'s stock is trading below its 50-day and
200-day moving averages of $3.89 and $3.73, respectively. Register with
AAAResearchReports.com and download research on FSM for free at:
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