Silver seen as safe haven again

Silver Investing News reports silver futures gained on the NYME yesterday to the bailout of the financial sector.

Silver mining companies also witnessed gains on Monday. While most stocks across the board opened lower, companies like Silver Wheaton Corp. and Hecla Mining Co. saw their shares rise 11.4 per cent to US$10.57 and 9.5 per cent to US$6.09, respectively. Silver Standard Resources shares rose US$2.29 to US$21.57, and Pan American Silver Corp. was up US$2.62 to US$25.74.

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