SOURCE: The Bedford Report

The Bedford Report

August 17, 2011 08:16 ET

Endeavour Silver and Silvercorp Metals Navigate Volatile Swings in Silver Market

The Bedford Report Provides Equity Research on Endeavour Silver & Silvercorp Metals

NEW YORK, NY--(Marketwire - Aug 17, 2011) - Silver stocks have been exceptionally volatile of late as concerns surrounding the global economy led analysts to question industrial demand for the metal. While silver is considered a safe haven asset, half of the metals demand comes from industrial consumption which could drop off in the event of a long-term economic slowdown. The Bedford Report examines the outlook for companies in the Silver Industry and provides equity research on Endeavor Silver Corporation (NYSE: EXK) (TSX: EDR) and Silvercorp Metals, Inc. (NYSE: SVM) (TSX: SVM). Access to the full company reports can be found at:

Disappointing reports on jobless claims and factory orders have created doubt about industrial demand for silver, which is used for batteries, brazing and soldering, bearings and high-end electronics. The Commerce Department said factory orders fell 0.8 percent in June, indicating lower demand for factory goods for the second time in three months.

In China, roughly 70 percent of the country's silver demand comes from the industrial sectors. Chinese customs data for June showed that net silver imports had fallen for the third consecutive month, with June levels of 175 mt down 46 percent from a year ago. releases stock research 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 and get exclusive access to our numerous analyst reports and industry newsletters.

Maintaining production costs is critical for all silver companies looking to capitalize on current market conditions. Silvercorp Metals saw a 31 percent improvement in silver production costs in its most recent quarter. The company posted Record fiscal first quarter revenues of US$69.7 million, representing a 90% increase compared to the same quarter of fiscal 2011.

Endeavour Silver owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State. Silver production was up 3 percent year-on-year in the most recent quarter.

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