For September delivery, silver is down 0.76% to $20.16 per ounce on the COMEX this afternoon.
A record rally in U.S. stocks is helping to reduce the appeal of precious metals such as silver and gold, MarketWatch reports.
Earlier today, the metal hit $20.595 per ounce and was boosted by hedging demand and by its use as an industrial commodity.
"Silver's dual usage as a precious metal and industrial material means it tends to benefit from both 'risk on' and 'risk off' trades, so long as the dollar is also not in demand," Fawad Razaqzada, technical analyst at Forex.com, told MarketWatch.
Great Panther is a Vancouver-based silver mining and precious metals producer and exploration company.
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 unimpressive growth in net income 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: GPL