( From GoldAlert.Com )Gold and silver equities followed precious metals lower Wednesday, as the Philadelphia Gold & Silver Index (XAU) retreated 1.2% to 203.83 in afternoon trading.
The sell-off in gold and silver shares came as the yellow metal fell $10.32 to $1,331.00 per ounce, while silver slid $0.28 to $28.24 per ounce.
Notable decliners among gold and silver companies included XAU components Barrick Gold (ABX), Harmony Gold (HMY), Silver Wheaton (SLW), and Silver Standard Resources (SSRI). ABX, HMY, SLW, and SSRI fell 1.9%, 2.5%, 1.6%, and 1.7%, respectively.
Source link: http://www.goldalert.com/2011/02/gold-silver-equities-follow-metals-lower/
