Why Hecla Mining and Top Gold and Silver Stocks Plunged Thursday
Gold and silver stocks tanked on Thursday, with nearly every publicly listed stock from the sector trading deep in the red as the day progressed. Here's how some of the top precious metals stocks were faring as of 1 p.m. ET (some of these had fallen much harder in early morning trading):
While most macroeconomic factors seemed to go against the precious metals market today, there's a chance gold and silver stocks could rebound.
Silver prices tumbled below $19 an ounce on Thursday to levels last seen two and a half years ago. Gold prices, meanwhile, slipped below $1,700 per ounce to 11-month lows. An uncertain macroeconomic environment is to blame.
Source Fool.com
