NEW YORK, NY--(Marketwire - Oct 18, 2012) - Silver prices had an excellent third quarter, gaining as much as 25 percent, as stimulus measures announced from the European and the Federal Reserve have helped boost prices. The iShares Silver Trust ETF (SLV) has gained over 20 percent in the last three months. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Coeur d'Alene Mines Corp. (
Access to the full company reports can be found at:
Bloomberg has recently reported that hedge funds are more bullish on silver than they have been in seven months. Data from the U.S. Commodity Futures Trading Commission have shown that since the end of June bets on rising prices have increased 10-fold. Investor holdings of silver through exchange-traded products during the third quarter totaled 717.2 metric tons, valued at $797 million, the most in a year according to data collected from Bloomberg.
"The recent announcements on the part of central banks really sparked the rally," said Peter Sorrentino of Huntington Asset Advisors. "Silver has now become a two-way play, getting bids both on industrial demand as well as a monetary hedge."
Five Star Equities releases regular market updates on the Silver Industry 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Coeur d'Alene Mines is the largest U.S.-based primary silver producer and a growing gold producer. The company has three new, large precious metals mines generating significantly higher production, sales and cash flow in continued strong metals markets. The company expects to achieve the high-end of its production guidance for 2012 of 18.5 - 20.0 million ounces of silver and 210,000 - 230,000 ounces of gold.
Silver Wheaton currently has agreements to purchase silver from 17 operating mines and four development stage projects. By 2016, annual attributable production is anticipated to increase significantly to approximately 48 million silver equivalent ounces, including 100,000 ounces of gold. The company is scheduled to release third quarter 2012 financial results on November 5, 2012.
Five Star Equities provides Market 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. Five Star Equities 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: