Technical Study: Pan American Silver Corp., Silver Standard Resources Inc., Silvercorp Metals Inc., and Fortuna Silver Mines Inc.

LONDON, August 8, 2013 /PRNewswire/ --

The US equity market ended the day lower on Wednesday, August 7, 2013. The Dow Jones Industrial Average closed at 15,470.67, down 0.31%; the S&P 500 closed at 1,690.91, down 0.38%; and the NASDAQ composite finished at 3,654.01, down 0.32%. However, shares in basic materials companies ended on a higher note. The major movers in the sector included Pan American Silver Corp (NASDAQ: PAAS), Silver Standard Resources Inc. (NASDAQ: SSRI), Silvercorp Metals Inc. (NYSE: SVM), and Fortuna Silver Mines Inc. (NYSE: FSM). AAAResearchReports.com free coverage on PAAS, SSRI, SVM, and FSM is available upon registration at:

http://www.aaaresearchreports.com/register/  

Shares in Pan American Silver Corp moved higher on Wednesday, reversing some of their recent losses. The company's shares vacillated between $11.55 and $11.91 before closing the day at $11.73, up 0.60%. A total of 1.64 million shares were traded, which is below the daily average volume of 2.49 million. Although the company's shares are trading below their 50-day and 200-day moving averages, they are up 2.99% in the last one month. Download free technical research on PAAS by signing up at:

http://www.AAAResearchReports.com/PAAS080813.pdf  

Shares in Silver Standard Resources Inc. finished flat on Wednesday after falling sharply in the previous three trading sessions. The company's shares closed the day at $6.56 after oscillating between $6.41 and $6.82. A total of 0.80 million shares were traded, which is below the daily average volume of 1.18 million. Silver Standard Resources' shares have gained 6.49% in the last one month, outperforming the S&P 500 which has gained 3.62% during the same period. Register now and get access to free analysis on SSRI at:

http://www.AAAResearchReports.com/SSRI080813.pdf

Shares in Silvercorp Metals Inc. edged higher on Wednesday, reversing some of their recent losses. The company's shares ended the day at $2.74, up 0.37%, after fluctuating between $2.63 and $2.79. A total of 0.45 million shares were traded, which is below the daily average volume of 0.94 million. Further, the company's shares have gained 6.20% in the last one month. Sign up and read our complimentary report on SVM at:

http://www.AAAResearchReports.com/SVM080813.pdf

Shares in Fortuna Silver Mines Inc. fell sharply on Wednesday, extending their losses from previous trading sessions. The company's shares ended the day 3.11% lower at $3.12 after vacillating between $3.09 and $3.25. A total of 0.17 million shares were traded, which is below the daily average volume of 0.25 million. The company's shares have gained 10.64% in the last three months, outperforming the S&P 500 which has gained 3.99% during the same period. The free report on FSM can be downloaded by signing up now at:

http://www.AAAResearchReports.com/FSM080813.pdf

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SOURCE AAA Research Reports