Pre-Market Analysis: Pan American Silver Corp., Silver Standard Resources
Inc., Silvercorp Metals Inc., and Fortuna Silver Mines Inc.
LONDON, November 12, 2013
LONDON, November 12, 2013 /PRNewswire/ --
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The U.S. equity market edged higher on Monday, November 11, 2013. The S&P 500
ended the day at 1,771.89, up 0.07%; the Dow Jones Industrial Average closed
at 15,783.10, up 0.14%; and the NASDAQ Composite finished at 3,919.79, up
0.01%. Shares in the silver industry mostly finished on a higher note,
tracking gains in the broader market. The major movers in the industry
included Pan American Silver Corp. (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:
Pan American Silver Corp.'s stock advanced 0.86% on Monday, closing at $10.51,
after fluctuating between $10.17 and $10.52 during the trading session. A
total of 1.25 million shares were traded, which is below the daily average
volume of 2.76 million. The company's shares have gained 6.27% in the previous
one month, compared to a gain of 4.03% in the S&P 500 during the same period.
However, Pan American Silver Corp.'s stock is trading below its 50-day and
200-day moving averages of $10.87 and $13.11, respectively. Sign up and read
the complimentary report on PAAS at:
Silver Standard Resources Inc.'s stock closed Monday's session 0.96% lower
than the previous day's closing price of $6.24. The company's shares
oscillated between $5.98 and $6.22 during the trading session. A total of 0.91
million shares were traded, which is below the daily average volume of 1.82
million. Despite Monday's decline, the company's shares have advanced 14.87%
in the previous one month and 1.98% in the last three trading sessions,
compared to the S&P 500, which has gained 4.03% and 0.08% during the
respective periods. Additionally, Silver Standard Resources Inc.'s stock is
trading below its 50-day and 200-day moving averages of $6.40 and $7.93,
respectively. The free report on SSRI can be downloaded by signing up now at:
On Monday, Silvercorp Metals Inc.'s stock gained 2.15%, ending the day at
$2.85 after fluctuating between $2.70 and $2.89 during the trading session. A
total of 0.80 million shares were traded, which is below the daily average
volume of 1.34 million. The company's shares have declined 1.38% in the
previous three trading sessions, underperforming the S&P 500, which has gained
0.08% during the same period. Despite Monday's gains, Silvercorp Metals Inc.'s
stock is trading below its 50-day and 200-day moving averages of $3.29 and
$3.28, respectively. A free report on SVM can be accessed by registering at:
Shares in Fortuna Silver Mines Inc. surged on Monday, tracking gains in the
U.S. equity market. The company's shares fluctuated between$3.48 and
$3.70before closing the day 2.22% higher at$3.68. A total of 0.15 million
shares were traded, which is below the daily average volume of 0.25 million.
The company's shares have gained 8.88% in the previous one month,
outperforming the S&P 500, which has gained 4.03% during the same period.
Further, Fortuna Silver Mines Inc.'s stock is trading at par with its 200-day
moving average of $3.68. Register with AAA Research Reports and download
research on FSM for free at:
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