Saturday, June 26, 2010

Hecla (NYSE:HL), Silver Wheaton (NYSE:SLW) Lead Silver Stocks Higher

While some silver stocks like Silver Wheaton (NYSE:SLW) and Hecla (NYSE:HL) exploded on Friday, making them among the market leaders, it was amazing to see how the silver miners, and companies like Silver Wheaton performed almost in unison with gold miners.

Just like the gold miners, you had those who started the week with the prices plummeting, and then finished up on Friday strong.

There were those who ended up positive after the relatively level Tuesday, Wednesday and Thursday, only to not reach where they started the week at, and there were those who were able to hang on, like Hecla, who ended the week in the positive even after the poor four days before it.

This tells me of the ongoing price support silver and gold have, and that it isn't going to go away any time soon, and silver companies and silver miners will be a great investment for those having a stake in them.

Others ending Friday up were Pan American Silver (Nasdaq:PAAS) and Silver Standard Resources (Nasdaq:SSRI).

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