NEW YORK, NY--(Marketwire -02/21/12)- Silver stocks have been on a tremendous run in 2012 with precious metals demand showing no signs of slowing. The Global X Silver Miners ETF (SIL) is up more than 15 percent this year -- keeping pace with the iShares Silver Trust (SLV) which is up nearly 20 percent in 2012. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Silver Wheaton Corporation (NYSE: SLW - News) (TSX: SLW - News) and Silvercorp Metals Inc. (NYSE: SVM - News) (TSX: SVM - News). Access to the full company reports can be found at:
While industrial silver demand from emerging markets was strong in 2011, Walter de Wet, strategist in London for South African bullion and investment bank Standard Bank, warns that China's new demand for silver "is not very strong at the moment," highlighting a sharp decline in Shanghai premiums -- over and above the London price, which acts as the world benchmark -- down from as much as $5 per ounce last summer to below 50 cents in February.
Standard Bank argues that Chinese warehouses currently hold enough silver to meet the country's industrial demand for 15 months. That surplus has risen sharply from 12 months' worth in 2011.
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Silvercorp is the largest primary silver producer in China through the operation of the four silver-lead-zinc mines at the Ying Mining District in the Henan Province of China. Earlier this month the company reported that its Board of Directors declared its third quarter fiscal 2012 dividend of CAD$0.025 per share to be paid on or before April 21, 2012 to shareholders of record at the close of business on March 31, 2012.
Silver Wheaton Corp. is a mining company, which generates its revenue primarily from the sale of silver. As of December 31, 2010, Silver Wheaton had entered into 14 long-term silver purchase agreements and two long-term precious metal purchase agreements. The company recently issued a press release stating that it will release 2011 full year results on Thursday, March 22, 2012, after market close.
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- iShares Silver Trust
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