All YTD Losers In The Silver Industry Reported A Weekly Advance – (HL, SLW, SVM, PAAS, SSRI)

Stocks in the silver industry have been advancing since July as silver prices have bounced back on improved confidence in Europe. The Global X Silver Miners (SIL) has rallied more than 16 percent in the last month, about two times higher than a 9 percent gain of the iShares Silver Trust ETF (SLV) over the same period.

Latest quarterly earnings of silver miners have revealed that silver prices are putting a negative effect on net income. While a number of miners have experienced output rise, revenues have declined in the wake of lower prices. Silver prices have plunged around 23 percent as compared to the second quarter a year ago.

Despite the low prices, industry players seem to be hopeful looking ahead. Companies like First Majestic Silver Corp (NYSE:AG) and Coeur d’Alene Mines Corporation (NYSE:CDE), have announced stock buyback plans, while others have increased their portfolios by either taking over or investing in other companies.

Last week, Hecla Mining Company (NYSE:HL) was among the upbeat performers in the industry with a performance of +9.59%. So far in 2012, the company has a year-to-date performance of +3.47%. The stock, as of last close, traded 45.92% up from its 52 week low and was 32.95% behind its 52 week high. Its latest closing price was +10.43% above the SMA200 while the distance from SMA 50 and SMA 20 was +16.10% and +13.15%, respectively.

HL together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metals worldwide.

Another positive stock in the industry, Silver Wheaton Corp. (USA) (NYSE:SLW) a mining company, together with its subsidiaries, operates as a silver streaming company worldwide. Silver Wheaton Corp has YTD performance was up at +18.42% and moved up +6.80% in the last week. Its price, as of the latest close, was up 49.13% compared with the 52 week low and was 19.08% below the 52 week high.

The stock’s latest closing price was up +11.23% from the average-price of 200 days while it kept its distance from the SMA 50 at +21.26% and +13.13% compared with the SMA 20.

Silvercorp Metals Inc. (USA) (NYSE:SVM) has shown an uptrend of +10.13% in the last week with YTD performance of -7.56% and 3-month performance down -2.49%. Its latest closing price was -10.08% down from an average-price of 200 days while it maintained a distance from the SMA 50 at +7.08% and +8.85% compared with the SMA 20.

The stock was up 20.51% from the 52 week low and was 41.05% below the 52 week high. SVM together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal properties in China and Canada.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) explores, develops, and operates silver producing properties and assets. The year-to-date performance of Pan American Silver Corp stands at -20.52% with an advance of +5.76% in the last week and +2.13% in the previous three months.

Its price, as of the latest close, was 28.02% up from the 52 week low and was 49.68% below the 52 week high. Its latest closing price was -14.53% down from an average-price of 200 days while it kept its distance from the SMA 50 at +9.12% and +10.02% compared with the SMA 20.

Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) so far this year moved up +7.53% and for last week its performance stands at +18.41%. The stock was up 47.71% from the 52 week low and was 53.20% below the 52 week high. Its latest closing price was +7.00% up from an average-price of 200 days while it kept its distance from the SMA 50 at +20.99% and +14.00% compared with the SMA 20.

SSRI engages in the acquisition, exploration, development, and operation of silver-dominant resource properties principally in the Americas.

 Disclosure: Opinions expressed in this article are those of the authors alone who have no stake in any stocks mentioned, and did not plan to acquire any stake within the next 72 hours.