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Why McEwen Mining, Hecla Mining, and Silvercorp Metals Stocks All Powered Higher Today

Rich Smith, The Motley Fool
·2 min read
Why McEwen Mining, Hecla Mining, and Silvercorp Metals Stocks All Powered Higher Today

Shares of silver mining company stocks powered higher in Monday trading, with McEwen Mining (NYSE: MUX) rising 8.3%, Hecla Mining (NYSE: HL) climbing 8.5%, and Silvercorp Metals (NYSEMKT: SVM) closing up 11.7%. In a report released this morning, the World Bank predicted two dreary years of weak pricing for gold through 2022 -- but the news for silver investors is a whole lot happier. Gold prices closed Monday about $30 shy of the $1,800-an-ounce mark, but according to the World Bank, it could be a good long while before we see gold hit that mark.

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