Silver prices have been on the upswing this month despite a stronger greenback and positive economic data from the US. The silver market remains highly volatile, however, as the year-long trend of high silver prices has caused a surge in the supplies of silver scrap from recycling and other sources - leading some analysts to warn of a possible oversupply. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on Hecla Mining Co. (NYSE: HL) and Coeur d'Alene Mines Corporation (NYSE: CDE) (TSX: CDM). Access to the full company reports can be found at:

www.paragonreport.com/HL

www.paragonreport.com/CDE

A recent report issued by Silver Investing News says that silver production was expected to increase by 30 million ounces in 2011 and by a similar amount this year. Production from recycling has been on the rise and is expected to continue in 2012. According the report, "Silver is a commodity in surplus and there is little indication that will change anytime soon."

TD Securities warns that silver prices could be weighed down this year due to an oversupply. "In the past, silver's industrial side has generated deep corrections for the white metal and we don't expect it will be much different this time around, with a correction to materially below $25/oz entirely possible," TD Securities writes.

The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the silver industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

Earlier this week Hecla Mines, the largest US-based Silver producer, cut its 2012 production forecast because its Lucky Friday mine may be shut all year. Hecla said it now expects to produce about 7 million ounces of silver in 2012. The company forecast more than 9.5 million ounces this year in late December.

Coeur d'Alene Mines Corporation, together with its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties located primarily in South America, Mexico, the United States, and Australia.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer

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