SOURCE: Paragon Financial Limited

Paragon Financial Limited

May 21, 2012 08:20 ET

Silver Mining Stocks Rally Along With Silver Prices

The Paragon Report Provides Stock Research on Silver Wheaton and Pan American Silver

NEW YORK, NY--(Marketwire - May 21, 2012) - After falling for multiple trading sessions silver prices rallied sharply Thursday and provided a great boost for silver companies. The Global X Silver Miners ETF (SIL) jumped 2.62 percent Thursday -- nearly matching the iShares Silver Trust (SLV) gain of 3.30 percent. Silver's rally will look to continue on the emergence of Chinese Silver futures and increased fabrication demand. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on Silver Wheaton Corp. (NYSE: SLW) and Pan American Silver Corp. (NASDAQ: PAAS).

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Investors in China will now be able to trade silver futures at home. The Shanghai Futures Exchange gained approval to begin trading silver futures on April 26th, according to the China Daily newspaper. "There has been an absence of a means of trading in silver in China," Wang Ruilei, an analyst with precious metal trader CGS Co Ltd, told China Daily. "The market will be bigger and more liquid with the advent of these futures contracts."

On another note, Phillip Klapwijk of GMFS expects fabrication demand for silver, which makes up 80 percent of total demand for the metal, to rise as much as 5 percent this year to roughly 900 million ounces.

Paragon Report 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 and get exclusive access to our numerous stock reports and industry newsletters.

Silver Wheaton is the largest silver streaming company in the world. The company reported revenues of $199.6 million in the first quarter of 2012, on silver equivalent sales of 6.1 million ounces (5.9 million ounces of silver and 3,900 ounces of gold), a record for the Company. This represents a 26% increase from the US$158.2 million of revenue generated in the first quarter of 2011.

Pan American Silver's mission is to be the world's largest and lowest cost primary silver mining company by increasing its low cost silver production and silver mineral reserves. During the first quarter of 2012, Pan American produced 5.5 million ounces of silver and 19,496 ounces of gold, which represented a year-on-year increase of 3 percent and 5 percent, respectively.

Paragon Report 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. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: