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Actionable news in SLW: SILVER WHEATON CORP,

Silver Wheaton (SLW) Stock Closed Up on Higher Gold Prices

NEW YORK (TheStreet) -- Silver Wheaton (SLW - Get Report) stock gained by 4.36% to $17.23 on heavy volume in Monday's trading session, as silver and gold prices rallied.

Prices have benefited in recent weeks on expectations that the Federal Reserve will be more tentative to hike interest rates this year. Higher interest rates make the precious metals less attractive compared to yield-bearing assets.

The reduced expectations for a rate hike have negatively weakened the dollar, thereby making dollar-denominated gold more attractive to foreign buyers.

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