US Stock Market Move | Silver concept stocks generally rose throughout the board. Coeur Mining, Inc. (CDE.US) surged over 8%.

On Thursday, silver concept stocks rose across the board, with Coeur Mining, Inc. (CDE.US) up over 8%, Endeavour Silver (EXK.US) and Hecla Mining Company (HL.US) up over 4%, and Pan American Silver Corp. (PAAS.US) and First Majestic Silver (AG.US) up over 3%. In terms of news, spot silver surged by over 3%, approaching $94. Prior to this, Citigroup released a research report stating that it has raised its short-term price forecast for precious metals complex, as it expects the current political risks surrounding GEO Group Inc to increase, continued shortages in the physical market, and uncertainties about the independence of the Federal Reserve against a backdrop. The bull market is expected to continue in the short term. Citigroup's benchmark scenario target price for the next 0 to 3 months is $5,000 per ounce for gold and $100 per ounce for silver.