Recent

% | $
Quotes you view appear here for quick access.

Hecla Mining Co. Message Board

  • llong54@ymail.com llong54 Jan 23, 2013 3:34 PM Flag

    19,114 tons globally, which is approximately nine months of mine output {market wire}

    Data collected from Bloomberg and Barclays show that investment through silver-backed exchange-traded products is at a record of 19,114 tons globally, which is approximately nine months of mine output. Additionally, the U.S. mint has reported that they have temporarily sold out of 2013 American Eagle Silver coins. So far in January silver sales have totaled 6,007,000 troy ounces, more than double 2012's average monthly sales of 2,811,875, according to data from the Mint.

    Silver's recent rally can be attributed to a strong surge in investment demand. Last week, the iShares Silver Trust ETF (SLV) reported holdings increased by 572-metric tons, the largest increase in five years, to 10,735 tons. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Coeur d'Alene Mines Corporation (NYSE: CDE) and Hecla Mining Company (NYSE: HL).

 
HL
1.90+0.09(+4.97%)Aug 27 4:01 PMEDT