Silver Stocks Look to Rebound as Silver Prices Benefiting From Increased Demand

Silver Stocks Look to Rebound as Silver Prices Benefiting From Increased Demand
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NEW YORK, NY -- (Marketwire) -- 07/23/12 -- After a strong start to the year, silver stocks have faltered in recent months as prices for the metal have struggled to gain any upwards momentum. The Global X Silver Miners ETF (SIL) has fallen over 15 percent in the last three months, while the iShares Silver Trust ETF (SLV) 14 percent over the same period. "The slide in silver prices mirrors the stubbornly sluggish global economy, and the strength of the U.S. dollar," said Keith Newcomb, portfolio manager at Full Life Financial LLC. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Silver Wheaton Corp. (NYSE: SLW) (TSX: SLW) and Silvercorp Metals Inc. (NYSE: SVM) (TSX: SVM).

Access to the full company reports can be found at:

www.FiveStarEquities.com/SLW

www.FiveStarEquities.com/SVM

Silver has recently been benefitting from increased demand according to Commerzbank. In a recent note, the bank stated that holdings in silver exchange-traded funds, 575.1 million troy ounces, were at their highest levels since May of last year. Silver futures on Friday settled at $27.217 a troy ounce. "Investors clearly view silver's current price level of $27 per troy ounce as an attractive opportunity to buy, which means higher silver prices can be expected," the bank said.

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Silver Wheaton has 14 long-term silver purchase agreements and 2 long-term precious metal purchase agreements whereby it acquires silver and gold production from the counterparties located in Mexico, the United States, Canada, Greece, Sweden, Peru, Chile, Argentina, and Portugal.

Silvercorp Metals Inc. engages in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada. In late January the company received a positive Pre-Feasibility Study ("PFS") for its 95%-owned GC Project in Guangdong Province, China.

Source:http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=8568878