Pan American Silver Corp. shares are trading higher amid strength in precious metals stocks as gold and silver rise.
Portfolio Pulse from Benzinga Newsdesk
Pan American Silver Corp. shares are trading higher due to an increase in precious metals stocks, driven by a rise in gold and silver prices.
April 09, 2024 | 11:44 am
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Pan American Silver Corp. shares are experiencing an increase in value, correlating with the rise in gold and silver prices.
The share price of Pan American Silver Corp. is directly influenced by the prices of precious metals such as gold and silver. As these metal prices increase, it typically leads to higher revenues and profitability for companies involved in their production and sale, thus positively impacting PAAS's stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100