The majority of gold and silver stocks moved in unison last week, as Monday found traders taking profits and gold prices falling quickly, and silver stocks, including Silver Wheaton (NYSE:SLW), dropped with them.
Patterns for gold and silver stock last week was a plunge on Monday, level from Tuesday through Thursday, and most skyrocketing on Friday.
Silver Wheaton was among the leaders in soaring on Friday, jumping to $21.36, an increase of $1.24, or 6.16 percent.
Unfortunately, they still were down on the week, as they never recovered from the continuous drop they experienced until Wednesday, when they leveled off again.
With the news at the end of the week driving the mining and precious metals stocks, Silver Wheaton could get a nice bump starting the week as well, with the prior week's decline coming from the sell-off, which isn't likely to happen on Monday.
Next week should be very interesting for Silver Wheaton and others.
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