U.S. silver futures for July delivery were up 1.7% to $16.10 an ounce on the Comex on Monday afternoon.
Prices of the precious metal and gold were rising slightly Monday as Greece debt talks with creditors stalled, according to Reuters. The stronger dollar also helped contribute to the slight uptick in prices ahead of the Federal Reserve's policy meeting on Tuesday and Wednesday.
About 3.2 million shares of Pan American Silver were traded by 2:06 p.m. Monday, above the company's average trading volume of about 1.7 million shares a day.
Pan American Silver is a mining company based in Vancouver, Canada. The company operates mines in the U.S., Mexico, Peru, Bolivia, and Argentina.
TheStreet Ratings team rates PAN AMERICAN SILVER CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate PAN AMERICAN SILVER CORP (PAAS) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."