Shop By
Category  
  • Silver
  • Gold
  • Platinum
  • Palladium
  • Copper
  • Coin Supplies
  • Specials
  • Sell To Us
  • IRA
  • Secure Storage
  • GC TV
  • News
  • Learning Center
  • About Us
  • Sitemap
Sign In or Create Your Account  
 
(813) 482-9300
or Live Chat
  • Silver
  • Gold
  • Platinum
  • Palladium
  • Copper
  • IRA Eligible Silver
  • IRA Eligible Gold
  • All Categories

Interesting Market Disconnect - Silver Down, Silver Miners Up

Posted By: on Wednesday, April 25, 2012

Early on Wednesday session, we noted that the correlation between silver and silver miners has broken down for the moment. Generally, the two move in tandem, as might be expected. However, even at the worst levels of the day following the FOMC policy announcement, silver miners continued to trade in the green.

Before the FOMC announcement, spot silver was down $0.38 at $30.50 per troy ounce.

Pan American Silver Corp (PAAS) is up $0.11 at $18.58.

Silver Wheaton Corp (SLW) is up $0.25 at $28.71.

Coeur d"Alene Mines (CDE) is up $0.25 at $21.20.

Silvercorp Metals Inc (SVM) is up $0.08 at $6.40.

It certainly was interesting to see silver prices rebound from sharp early losses to end the day essentially unchanged. This is not to say that a marvelous new market indicator has been discovered, but every once in a while, a market disconnect suggest a head fake. Unfortunately, there is no way to know if the next disconnect will mean a fall for the miners rather than silver.

Silver and silver miners have begun the second quarter in ugly fashion, with both posting losses following a strong first quarter. Perhaps today's disconnect suggests a turning of the tide. Only time will tell.

Take Advantage

Gainesville Coins is offering silver bullion investers the 1992 Australian Kookaburra 1 oz Silver Coin at as lows as $5.00 over spot. Gainesville Coins is having a special on fractional American Gold Eagle Coins. Buy the 1/2 oz Gold Eagle at as low as 6.25% over spot. Buy the 1/4 oz Gold Eagle at as low as 8.5% over spot.

 

Disclaimer: Gainesville Coins "Market Updates and In the News Section" provide our readers with features and analysis of the financial markets, and some of the factors that may be affecting market direction. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness, and this information should not be considered investment advice. Gainesville Coins provides these articles for informational purposes only, and they do not constitute a recommendation by Gainesville Coins to hold, to purchase, or to sell any investment.
Sign Up For Deals: