U.S. silver futures for March 2015 delivery were gaining 3.1% to $16.28 on the Comex on Tuesday afternoon.
Prices of the metal were rising due to a weaker U.S. dollar, and concerns of tension between Russia and Western countries, according to Reuters. The strengthening of the yen, falling oil prices, and concerns about the upcoming election in Greece may also be contributing to the rise in precious metal prices, Reuters said.
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TheStreet Ratings team rates SILVER WHEATON CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SILVER WHEATON CORP (SLW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."