Silver stocks led the way today, and Silver Standard Resources (NASDAQ:SSRI) led the silver stocks, as it gained $0.76 a share to end the session at $18.11, a 4.38 percent increase.
Silver Standard moved up on news it has increased production at its Pirquitas Mine in Argentina, which will produce an estimated 7 million ounces of silver in 2010.
Commodities did better today as risk tolerance increased on hopes the European Union may have enough capital to handle the sovereign debt crisis, although I wouldn't place my hat on that being a reality.
Silver prices remained about level, gaining $0.01, to finish at $18.30.
Tuesday, June 8, 2010
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