SLW
Silver Wheaton Corp
Symbol SLW
Shares Issued 219,995,132
Close 2006-04-20 C$ 12.09
Recent Sedar Documents
Globe says Silver Wheaton, others see silver take a hit
2006-04-21 08:13 ET - In the News
Also In the News (C-PAA) Pan American Silver Corp
The Globe and Mail reports in its Friday edition silver prices went into freefall Thursday. The Globe's John Partridge writes that caused market officials in New York to halt trading briefly and left veteran traders shocked. Speculators decided the metal had risen so far so fast that it was time to take the money and run. In their biggest dive since 1983, silver futures for delivery next month plunged 14 per cent or just under $2 (U.S.) to $12.52 (U.S.) an ounce on the Comex division of the New York Mercantile Exchange. The price more than double from $6.85 last August. "I've been doing this for 20 years, and I certainly don't remember seeing Comex silver drop like that in a day," said Bernard Hunter, director of precious metals at Bank of Nova Scotia's ScotiaMocatta division in Toronto. He added later that the fall could easily continue today. "That's huge," said Mike Sander, a commodities broker and analyst at Altavest Worldwide Trading Inc. in Mission Viejo, Calif. "That's as large a drop as I've seen." Silver has been on its most dramatic runup since Texas billionaire brothers Nelson and William Hunt tried to corner the market in 1979. They drove the price to $50 (U.S.) from $6 (U.S.) in 12 months