Why Hecla Mining, First Majestic, and Other Gold and Silver Stocks Sizzled Today
Precious metal stocks sizzled on Thursday, with most gold and silver stocks jumping double-digit percentages by midday. Here's how much the top-performing stocks from the industry had rallied at their highest points in trading during the day through 2 p.m. ET:
A rebound in the broader markets and precious metal prices ahead of key economic data fueled the rally in these stocks.
Most gold and silver stocks were hit earlier in the week after a sharp pullback in commodity prices. On Thursday, though, the gold price shot up and crossed $1,870 per ounce, a level not seen in more than three weeks.
Source Fool.com