LONDON, March 28, 2013 /PRNewswire/ --
Late buying in the market helped the indices to close flat. The markets responded negatively to ongoing Cyprus crisis as it weighs in on its impact. S&P 500 opened low but high buying volume helped it to trim the losses to close at 1,562.85, down 0.06 percent. Silver prices remained range bound. Our research team took a look at Basic Materials sector including major companies Silvercorp Metals Inc. (NYSE: SVM), Pan American Silver Corp. (NASDAQ: PAAS), Silver Standard Resources Inc. (NASDAQ: SSRI) and Great Panther Silver Ltd (NYSE: GPL). StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
http://www.stockcall.com/report
Silvercorp Metals Inc. traded in the range of $3.94 and $4.04 during its Wednesday's trading session. It opened at $3.95 and closed at $4.03, up 0.25 percent. The stock is currently in a bullish mode and has its first resistance level at $4.41. Upon breaching this level, the silver company may go as high as $4.63. It traded 1.15 million shares and is above its 20-day moving average price. Its first support level is at $3.89. So far in year 2013, the stock is down 19.56 percent. Sign up for the free report on SVM at
http://www.StockCall.com/SVM032813.pdf
Despite the downward movements shown by broad market indices, Pan American Silver Corp.'s stock finished 2.22 percent higher at $16.57, with volume down from daily average of 1.55 million to 1.15 million. Pan American Silver Corp.'s stock is down so far in 2013 with its year-to-date loss at 8.76 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. The company has its first support level at $16.35. In the coming sessions, the stock is likely to go as high as $16.95. PAAS free technical report can be accessed by signing up at
http://www.StockCall.com/PAAS032813.pdf
Silver Standard Resources Inc.'s stock rose sharply in its latest trading session. The stock closed 1.23 percent higher at $10.69 with 640,200 share volume. Despite the significant upward movement, the stock is still down more than 26 percent for the year. In the past 52 weeks, the company is down 28.45 percent. The stock currently has support at $10.20 level. The stock's MACD chart shows a neutral trend. The company may face its first resistance level at $11.85. Upon breaching this level, the stock may go as high as $12.67. It is a highly volatile stock as shown by its beta of 1.45. Free report on SSRI can be accessed by registering at
http://www.StockCall.com/SSRI032813.pdf
Shares of Great Panther Silver Ltd closed flat at $1.29 on below average volume of 185,545 shares, while its usual trading volume stands a 684,251. The company's shares have lost more than 15 percent of its value this year, underperforming the broad market. It has support at $1.26. The shares are still trading below their 20-day and 50-day moving average price of $1.3 and $1.41 respectively. It has traded in the range of $1.02 and $2.48 in the past 52 weeks and the company lost 42.92 percent of its value during the same time period. Register with StockCall and download the research on GPL for free at
http://www.StockCall.com/GPL032813.pdf
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