For July delivery, silver is jumping 1.97% to $17.32 per ounce on the COMEX this afternoon.
Investors are betting that the Federal Reserve will delay raising interest rates, the Wall Street Journal reports.
Silver is non-interest paying and has difficulty competing with assets that bear a yield when interest rates are hiked.
Market participants have lowered their expectations for an interest rate increase at the Fed's policy committee meeting next week, especially after disappointing May U.S. jobs data.
Interest-rate futures are pricing in a 4% chance that the central bank hikes interest rates next week vs. more than 30% in recent weeks, according to the CME Group, the Journal said.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SSRI