As gold prices tumbled during Friday's trading session, precious metals companies were dragged down too, including Goldcorp (NYSE:GG) and the gold ETF, the SPDR Gold Trust (NYSEMKT:GLD). Given its recent increase in exposure to gold, Silver Wheaton's (NYSE:WPM) inability to escape the slide is not a big surprise. Despite increased signs of global economic instability, gold fell below $1500 for the first time since July 2011.
In the below video, Fool.com contributor Doug Ehrman discusses the impact of gold prices on the stock, both in the immediate-term and longer-term investment perspective. Silver Wheaton remains one of the strongest plays in the silver market, but recent price action should not be overlooked.