Silver Wheaton (SLW) Higher as Spot Silver (SLV) Recovers from Lows

August 3, 2012 10:03 AM EDT Send to a Friend
Silver Wheaton Corp. (NYSE: SLW) shares are higher by 2.2 percent intraday on Friday. The rally comes ahead of next Thursday's earnings report, when analysts expect the company to announce EPS of $0.37. Today's rally is also tied to a rally in the spot price of silver.

iShares Silver Trust (NYSE: SLV) is higher by 1.56 percent, pulling back from recent lows following a Fed decision this week to hold off on QE3. In the past 5 days, silver has declined by 0.77 percent. Silver Wheaton Corp. (NYSE: SLW) is higher by 0.50 percent over the same period.


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