Streaming Deal with Glencore Could Boost Shares of SLW Stock
Silver prices have been falling for eight straight days now. Precious metals have been retreating since the Federal Reserve hinted at a potential rate hike before the end of the year. But this doesn’t mean the global economy is doing any better than it was last month and Silver Wheaton Corp. (NYSE:SLW, TSX:SLW) knows this. SLW just made a $900-million play for future silver production at today’s rock-bottom prices. This could translate into massive gains for owners of Silver Wheaton stock.
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