() New York – Silver closed up 56 cents, or 3.05%, at $18.94 in spot silver trading Wednesday which in turn helped boost silver stocks with the Composite gaining 4.84% as prices showed their bullish side.

The silver composite surged to finish the trading session at 1063.9 as trading in commodities got a boost thanks to a turn-around in crude oil after a six-day slide.

Silvercorp Metals (NYSE: SVM) reports record first quarter production of 1.4 million ounces, a gain of 18%, the Vancouver, British Columbia-based mining company said.  Shares of SVM rose 51 cents, or 7.57%, to close at $7.25.

Hecla Mining Co. (NYSE: HL) rose 28 cents, or 5.85%, at $5.08.  The company announced strengthening its shareholder relations program with the appointment of Melanie Hennessey as Vice President of Investor Relations.

Mines Management, Inc. (AMEX: MGN) gained 9 cents, or 5.45%, to close at $1.74 as investors looked for a bullish outcome in the third quarter for the Spokane, Wash.-based company.   MGN reported second quarter results on Aug 18, 2010, showing a net loss of 5 cents per share, compared to an 8 cent per share loss in the year-ago period.

Shares of Silver Wheaton (NYSE: SLW) rose 96 cents to finish the day up 4.68% at $21.49, rising another 7 cents, or 0.3%, to $21.56 in aftermarketing trading.

Silver Standard Resources (Nasdaq: SSRI) gained 75 cents, or 4.55%, to close at $17.23.

Amongst silver refiners, Reno-based Itronics (Otc: ITRO) reported that its long-awaited phase one silver refinery expansion was now in play and that with the additon it would lower per-smelt costs 90% while boosting output ten-fold.  ITRO recently went through a 1000-to-1 reverse in preparation for financing.  Since incurring the reverse, the stock price tumbled though its shares have see-sawed ever since, closing down 19 cents, or 10.6%, at $1.60.

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Tags: Silver, Spot Silver