Silver shares are surprisingly strong today. SIL (Apex Silver) continues it run, up another 4%+ after an 11% gain on Friday. Other silver stocks are also up even though spot silver up a modest amount today. Who knew? Certainly not me. It is a frustrating day for shorts with the silver stocks up on no real news and a small move in spot silver. This kind of concerted action is a sign of significant money, with the usual suspects being hedge funds and/or mutual funds.
The Yahoo list of silver leaders with the best gains today includes:
CDE, HL, SSRI, PAAS and SIL (Coeur D Alene, Hecla Mining, Silver Strand Resources, Pan American Silver, Apex Silver Mines).
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