LONDON, July 8, 2013 /PRNewswire/ --
On Friday, July 5, 2013, the U.S dollar rose to a three-year high against a basket of major currencies, as investors digested better-than-expected June non-farm payroll data. A stronger dollar kept gold and silver prices under pressure. The spot price of silver fell 3.70% to $18.79 an ounce. Shares in silver mining and exploration companies ended mostly lower, even as the broader market rallied. The major movers in the industry included Pan American Silver Corp. (USA) (NASDAQ: PAAS), Silver Standard Resources Inc. (USA) (NASDAQ: SSRI), Silvercorp Metals Inc. (USA) (NYSE: SVM), and Great Panther Silver Ltd. (USA) (AMEX: GPL). AAAResearchReports.com free coverage on PAAS, SSRI, SVM, and GPL is available upon registration at:
Shares in Pan American Silver Corp. fell on Friday, extending their losses from previous trading sessions. The company's shares oscillated between $11.09 and $11.41 before closing the day 2.65% lower at $11.39. A total of 1.68 million shares were traded which is below the daily average volume of 2.70 million. Pan American Silver's shares have fallen 3.39% in the last three trading sessions. Download free technical research on PAAS by signing up at:
Silver Standard Resources Inc.'s stock fell sharply on Friday, even as the broader market posted significant gains. The company's shares ended the day 2.07% lower at $6.16 after oscillating between $5.86 and $6.19. A total of 858,871 shares were traded which is below the daily average volume of 1.24 million. The company's shares have fallen 4.20% in the last three trading sessions. Register now and get access to free analysis on SSRI at:
Shares in Silvercorp Metals Inc. moved lower on Friday, as silver prices came under pressure. The company's shares fluctuated between $2.50 and $2.60 before closing the day 1.53% lower at $2.58. A total of 654,421 shares were traded which is below the daily average volume of 1.05 million. The company's shares have fallen 5.84% in the last three trading sessions. Sign up and read our complimentary report on SVM at:
Great Panther Silver Ltd.'s stock tumbled on Friday, closing at $0.72, down 5.26% from its previous closing price. The company's shares oscillated between $0.71 and $0.76. A total of 228,096 shares were traded which is below the daily average volume of 476,944. The company's shares have fallen 6.49% in the last three trading sessions. The free report on GPL can be downloaded by signing up now at:
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SOURCE AAA Research Reports