SOURCE: The Bedford Report

The Bedford Report

May 17, 2011 08:16 ET

Silver Wheaton and Coeur d'Alene Remain Confident in the Silver Market

The Bedford Report Provides Analyst Research on Silver Wheaton and Coeur d'Alene Mines

NEW YORK, NY--(Marketwire - May 17, 2011) - After touching 30 year highs recently, the price of silver has fallen as much as 27 percent this month after the US dollar had its strongest rally of the year, undercutting commodity prices. Following silver prices lower, producers have taken a hit as investors worry that miners will be unable to post expected revenues. The Bedford Report examines the outlook for the Silver Market and provides research reports on Silver Wheaton Corporation (NYSE: SLW) and Coeur d'Alene Mines Corporation (NYSE: CDE). Access to the full company reports can be found at:

Several marque silver producers forecasted a drop in silver prices and took necessary precautions such as selling several mining sites. Many companies also increased hedging. Hedging programs allow producers to lock in current silver prices for future production, guarding against any potential price declines in the future. Banks which execute these forward sales borrow silver from the spot market, which reduces the physical supply of silver temporarily. Analysts warn that an increase in hedging could be taken as a bearish signal for silver prices as it directly increases selling pressure in the market.

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.

The World Silver Survey 2011 report produced for Washington's Silver Institute noted that last year saw a dramatic return to net producer hedging, with 61.1 Moz added to the global hedge book -- a volume just short of the 1997 record high.

Silver Wheaton's CEO, Peter Barnes, said in an interview with CNBC that silver prices could go through $50 in the next 2-3 years, and that hedging the company's silver is not on the horizon. Coeur d'Alene Mines also says it does not plan to hedge its output. The company's CEO Dennis Wheeler recent said Coeur d'Alene wants their investors to "be able to maximize their investment and leverage to the metal."

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