Silver Prices Continue to Surge but Miners Begin Showing Volatility
April 19 2011 - 8:16AM
Marketwired
The price of silver has been on the upswing this month as a weak US
dollar and concerns about European sovereign debt raised investor
demand for safe-haven assets. Silver is an interesting investment
opportunity as it can be considered both a precious metal and an
industrial metal. Besides jewellery, ornaments and utensils, silver
is also used in electrical contacts and conductors, in mirrors and
in catalysis of chemical reactions. The Bedford Report examines the
outlook for the Silver Market and provides research reports on
Hecla Mining Co. (NYSE: HL) and Coeur d'Alene Mines Corporation
(NYSE: CDE). Access to the full company reports can be found at:
www.bedfordreport.com/2011-04-HL
www.bedfordreport.com/2011-04-CDE
Growing industrial demand for silver in the international market
is a fundamental reason behind silver's spike in price. New
technologies in solar energy, water purification and medical
instruments are expected to keep industrial demand for the metal
surging going forward. In fact, a recent report released from The
Silver Institute titled "The Future of Silver Industrial Demand"
estimates that the amount of silver used for industrial purposes is
estimated to rise to 665.9 million troy ounces by 2015, which would
be a 36 percent increase from the 487 million used in 2010.
The Bedford Report releases regular updates on The Silver Market
so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.bedfordreport.com and get exclusive
access to our numerous analyst reports and industry
newsletters.
Those who believe that silver prices will remain near 31 year
highs may be inclined to look into silver miners. Investors in
silver miners are banking on rising earnings, as silver prices
rise, to provide value.
Silver mining stocks tend to be more volatile, however. Last
week several silver mining stocks saw their share prices plummet
after Bolivia's leftist government said it might rescind
concessions on several mines in the country.
On Monday shares of Hecla Mines fell close to eight percent
after the company said it suspended operations at a mine in Idaho
after an employee went missing as the mine's ground collapsed on
Friday.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above-mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
http://www.bedfordreport.com/disclaimer.
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