On Monday, precious metal concept stocks saw broad gains in pre-market trading. At the time of writing, First Majestic Silver (AG.US) rose more than 5%, Pan American Silver (PAAS.US) gained over 4%, Endeavour Silver (EXK.US) climbed nearly 4%, Newmont Corporation (NEM.US) increased more than 2%, and Harmony Gold (HMY.US) advanced over 1%. The catalyst for the move was the surge in spot metal prices on January 26th, where London spot gold broke through the $5,100 per ounce barrier to reach a historic peak. London spot silver also strengthened significantly, with its intraday涨幅一度涨逾5% increase exceeding 5%, breaking above $110 per ounce.
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