Pan American Silver Corp. rose$. 09 or. 7 percent, to $12.37. Silver Standard Resources Inc. rose$. 15 or 2.2 percent, to $6.88. Silver Wheaton rose$. 53 or 2.4 percent, to $22.91.
The Australian government on Monday lowered its expectations for a budget surplus as falling commodity prices coupled with slower growth begins to bite, giving rise to the question: should the country drop the idea of a surplus?
Jonathan Barratt, CEO & Founder, Barratt's Bulletin says that there will be selling in the Gold ETF market if gold prices continue to come under pressure.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that miners are upping their investments to expand capacity. This means that volume growth will help offset weak metal prices.
Jeff Largey, head of metals and mining research at Macquarie Group, tells CNBC that as the metals and mining sector are facing supply challenges, it will be crucial for China's new leadership to implement growth policies.
Peter Akerley, President & CEO, Erdene Gold explains that despite the slip in Mongolian mining, especially coal, capital injections in the sector still remain strong.
Jeffrey Christian, Founder & Managing Director, CPM Group says that gold could move towards the $1700-level, if it does not break past the $1750 handle.
Pravin Gordham, Finance Minister of South Africa explains why the revised GDP target of 2.7% this year has nothing to do with the recent labor issues. He assures CNBC the government has a plan to resolve the unrest.
Mike Harrowell, Senior Resources Analyst, BBY says that the QE boost to commodity prices does not reflect demand concerns and that base metals prices could be trading lower by end-December.
With tensions once again rising in South Africas mining sector, investment bank Merrill Lynch has cut its weighting to the countrys stock market and mining sector.