| Silver Swings Up and Down after the Fed Meeting | |
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Precious Metals Take a Nasty Fall as We Ring in the New Year (Continued from Prior Part) Silver gets volatile
The past week has been disastrous for silver prices. Silver futures for March expiration rose about 2.9% on a five-day trailing basis, making it the worst-performing precious metal for the past year. Platinum is the only precious metal that gained. It rose 0.59% during the last five trading days. Platinum rose 4.8% during the month of December. Palladium rose 1.8% during the past one month. Gold and silver have made 30-day trailing losses of 0.28% and 4.5%, respectively.
Among the four precious metals, silver has been very volatile. The average ten-day volatility of silver is around 23.2 compared to a 13.5 volatility for gold on a ten-day average basis.
As you can see in the above graph, silver has seen days of major rises and falls after the Fed meeting in December. Although the overall trading range remains narrow, silver was trading between $13.50 and $14.80 per ounce.
Silver ETF and mining
The rise and fall in silver led to a 2.8% fall in the iShares Silver Trust (SLV) during the past five trading days. The leveraged ProShares Ultra Silver (AGQ) fell 5.9% in the past five trading days.
The volatility in silver prices also extends to silver-based mining companies such as Silver Wheaton (SLW), Pan American Silver (PAAS), and First Majestic Silver (AG). These three companies have seen losses of 39.5%, 29.1%, and 35.5%, respectively, on a year-to-date basis. The five-day trailing returns for silver also remained negative due to plunging silver prices. The above three companies fell 1.8%, 0.6%, and 1.8%, respectively, on a five-day trailing basis. These companies together make up 7.1% of the price changes in the Market Vectors Gold Miners ETF (GDX).
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Silver Wheaton
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PRODUCTEUR |
CODE : SLW.TO |
ISIN : CA8283361076 |
CUSIP : 828336107 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silver Wheaton est une société basée au Canada. Silver Wheaton est productrice d'argent, de cuivre, d'or, de plomb, de silica et de zinc au Canada, au Mexique, au Perou, au Portugal, en Grece et en Suede, en développement de projets d'argent, de cuivre, d'or et de zinc au Canada et au Chili, et détient divers projets d'exploration au Portugal et en Argentine. Ses principaux projets en production sont ZINKGRUVAN en Suede, KENO HILL (BELLEKENO) et MINTO MINE au Canada, SAN MARTIN - LUISMIN, PEÑASQUITO, LUISMIN et G-9 CAMPO MORADO au Mexique, YAULIYACU au Perou, STRATONI en Grece et NEVES-CORVO au Portugal, ses principaux projets en développement sont PASCUA LAMA au Chili et KUTCHO CREEK au Canada et ses principaux projets en exploration sont PROMOTORIO DURANGO et MONTOROS au Mexique, ALJUSTREL au Portugal et LOMA DE LA PLATA (NAVIDAD) en Argentine. Silver Wheaton est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 12,6 milliards CA$ (9,2 milliards US$, 8,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 09 mars 2007 à 10,01 CA$, et son plus haut niveau récent le 15 mai 2017 à 28,53 CA$. Silver Wheaton possède 441 520 000 actions en circulation. |