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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Silver today

02/24/11 6:00 AM (CT) Statistics: London Gold Fix $1385.50 +$8.50 LME Copper Stocks 411,750 tons -50 SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Like gold, March silver is finding safe haven support from the unrest in the Middle East North Africa region (MENA), especially Libya. So far silver has shrugged off concerns that the threat to the worldwide economy posed by soaring crude oil prices will hurt industrial silver demand. Instead, silver is playing the role of a precious metal. However, the market been unable to move outside of the wide range it posted on Tuesday, when it traded to its highest level since the 1980s. Comex Silver Stocks were 102.365 million ounces up 7,259. Stocks have declined 12 of the last 20 days. March silver is consolidating within Tuesday’s wide range ($1.94), and it appears that it will take another dramatic development to shake it out of this pattern today.

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