SOURCE: Five Star Equities

Five Star Equities

July 23, 2012 08:20 ET

Silver Stocks on the Upswing as Increased Demand Looks to Help Boost Silver Prices

Five Star Equities Provides Stock Research on Coeur d'Alene Mines and Great Panther Silver

NEW YORK, NY--(Marketwire - Jul 23, 2012) - 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 Coeur d'Alene Mines Corp. (NYSE: CDE) and Great Panther Silver Ltd. (NYSE MKT: GPL).

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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.

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

Coeur d'Alene Mines Corporation 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 recently announced it has invested in International Northair Mines Ltd. Northair is a mineral exploration company engaged in the acquisition and development of gold and silver properties in Mexico.

Great Panther Silver's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico, including the development stage San Ignacio Project. The company recently reported their Guanajuato plant achieved record silver and gold recoveries of 91.1% and 92.3% respectively. A small re-grind mill was commissioned in April 2012 and immediately yielded the improved recoveries.

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