For September delivery, silver was sliding 3.24% to $19.78 per ounce on the COMEX this afternoon.
The dollar advanced today after U.S. data showed employment increased by more than expected in July, which lifted the probability of an interest rate hike this year, Reuters reports.
Silver is non-interest paying and can have difficulty competing with assets that offer a yield when the Federal Reserve raises interest rates.
The metal is also more expensive to foreign investors when the dollar is strong.
Non-farm payrolls climbed by 255,000 jobs last month. Economists had expected an increase of 180,000 jobs.
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