Mississauga, ON -- (SBWIRE) -- 04/13/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Santacruz Silver Amends Silver Purchase Agreement."
Companies mentioned in this article include Santacruz Silver Mining Ltd. (TSX-Venture:SCZ).
Precious metal miners are going through a challenging period. With the Federal Reserve in the U.S. ending its bond purchases last year, gold and silver prices have come under pressure.
While gold prices have been nearly flat this year, silver prices are up more than 1%. In the past one year though, silver prices have fallen more than 17% and gold prices have fallen more than 8%. Importantly, the outlook for both the metals remains bearish.
Gold and silver miners have been looking to adjust to the low-price environment by bringing down their costs. However, miners also need prices to stabilize.
All these factors mean that shares of silver and gold mining companies could remain volatile. One silver miner that has seen significant volatility and downward pressure on prices is Santacruz Silver Mining Ltd. (TSX-Venture:SCZ). Over the past six months, shares of this miner have fallen more than 60%. However, the stock has seen brief periods of gains in the past six months as well.
The full version of this article can be found at:
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