SOURCE: The Bedford Report

The Bedford Report

April 26, 2011 08:16 ET

Silver Miners Poised to Post Surging Revenues This Earnings Season

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

NEW YORK, NY--(Marketwire - Apr 26, 2011) - The price of silver has been on the upswing this month as a weak US dollar and concerns about European sovereign debt raised investor demand for safe-haven assets. Silver is an interesting investment opportunity as it can be considered both a precious metal and an industrial metal. Besides jewellery, ornaments and utensils, silver is also used in electrical contacts and conductors, in mirrors and in catalysis of chemical reactions. The Bedford Report examines the outlook for the Silver Market and provides research reports on Silvercorp Metals, Inc. (NYSE: SVM) and Endeavour Silver Corporation (NYSE: EXK). Access to the full company reports can be found at:

Growing industrial demand for silver in the international market is a fundamental reason behind silver's spike in price. New technologies in solar energy, water purification and medical instruments are expected to keep industrial demand for the metal surging going forward. In fact, a recent report released from The Silver Institute titled "The Future of Silver Industrial Demand" estimates that the amount of silver used for industrial purposes is estimated to rise to 665.9 million troy ounces by 2015, which would be a 36 percent increase from the 487 million used in 2010.

The Bedford Report releases regular updates on The Silver Market 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.

Those who believe that silver prices will remain near 31 year highs may be inclined to look into silver miners. Investors in silver miners are banking on rising earnings, as silver prices rise, to provide value.

Endeavour Silver Corporation recently announced that it set new records for silver and gold production in its fiscal first quarter at the company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato Stat. SVM said that revenues were up an astonishing 95 percent to $35.4 million thanks to both the higher metal production and higher realized metal prices.

Canada-based Silvercorp Metals is China's largest silver producer. Silvercorp recently applied for a mining permit for its GC silver-lead-zinc mine in the Guangdong Province and announced the acquisition of a 70 percent interest in the BYP gold-lead-zinc mine in Hunan province.

The Bedford Report provides Analyst 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. The Bedford Report 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:

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