Silver Is Surging And Miners Are Soaring


Photo: orbmiser via Flickr

Precious metals are rallying today, with silver surging nearly 4%, to $29.98 per troy ounce.February gold contracts are also up, gaining 1.5% to $1632 per ounce during open outcry on the CME.

Other metals also ended the day higher, with March palladium and April platinum contracts adding 2.9% and 2.7%, respectively.

Miners are markedly higher, following both the Dow and S&P in the green:

  • Freeport-McMoRan Copper & Gold Inc.¬†(NYSE: FCX): Up 4.8% to $40.91
  • Rio Tinto (NYSE: RIO): Up 3.4% to $53.13
  • Southern Copper Corporation¬†(NYSE: SCCO): Up 3.8% to $32.03

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