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January 24, 2006
Silver market heating up, Tues., Jan. 24, 2006, 3:21 PM
Silver is running higher. Spot (cash) silver today is up +$0.18 to $9.16. So let's look at the stocks.
Here is the market at 3:02 pm ET from INO.com
Here is a list of Silverminer stocks: SIL, CDE, HL, PAAS, SSRI, SLW, WTZ, MGN
Thanks to gorillafinger2001, I added three silverminers to the initial list of five.
He also gave us a link to the SEC proposed rule change to the iShares Silver ETF that will likely begin trading soon under the ticker symbol SLV: http://www.sec.gov/rules/sro/amex/34-53130.pdf
Weekly data charts:
Hourly data charts:
Posted by Posted by Bill Cara on January 24, 2006 03:20:16 PM | Category: Silver
Discourse
Bill,
Love the site and appreciate all your hard work. Just a note regarding the silver miners and that is that you may want to add a couple of names to your list that trade on the major US exchanges.
SLW - Silver Wheaton
WTZ - Western Silver
MGN - Mines Management
Certainly silver is reacting to the planned launch of the iShares Silver Trust ETF in the very near future. The SEC was out with a proposed rule change regarding it just last week -
http://www.sec.gov/rules/sro/amex/34-53130.pdf
Take care and keep up the great work!
Regards,
wjm
Posted by: William Miller at January 24, 2006 9:09 PM [link]
Bill-
One of the great puzzles of this gold bull run is the fact that silver has not "confirmed" it. Silver here may be a terrific buy if it returns to form. To keep the gold /silver ratio in historical context, I have read that silver must nearly double here.
Posted by: MarkM![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
January 24, 2006 4:03 PM [link]