Silver stocks trashed with metal price more volatile than gold

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Tue, Aug 19, 2008
Silver Market News
Post by Melissa Pistilli, Silver Senior Reporter

Mineweb(Editorial) reports a list of 43 miners, developers and explorers of silver have seen silver bullion falling down by 40% in price.

Dollar silver bullion prices are now 40% from highs, seen in early March this year, compared to a 23% fall in gold bullion prices. The average listed silver stock – led by well known names such as Silver Wheaton, Hochschild Mining, Silvercorp, Coeur d’Alene, and Apex Silver – has surrendered 51% of its value. When measured over 43 miners, developers and explorers of silver, more than USD 21bn in market value has gone begging, in just a matter of months. 

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