SOURCE: The Bedford Report

The Bedford Report

June 20, 2011 08:16 ET

Silver Wheaton and First Majestic on the Upswing as Demand Fundamentals Look Strong

The Bedford Report Provides Investment Research on Silver Wheaton and First Majestic Silver

NEW YORK, NY--(Marketwire - Jun 20, 2011) - Silver stocks have been on the upswing over the last week following favorable demand reports. With silver demand skyrocketing in several emerging economies, silver companies are feverishly boosting production. The Bedford Report examines the outlook for the Silver Market and provides equity research on Silver Wheaton Corporation (NYSE: SLW) (TSX: SLW) and First Majestic Silver Corporation (NYSE: AG) (TSX: FR). Access to the full company reports can be found at:

According to reports from SilverSeek, silver's availability on the Comex has fallen 38 percent to 29 million since 2011 began. Meanwhile, the amount available for Comex clients has increased 23 percent to 72 million ounces.

The Silver Institute forecasts that total industrial use of the metal will rise 36 percent over the next five years, to 666 million troy ounces annually. New technologies in solar energy, water purification and medical instruments are expected to keep industrial demand for the metal surging going forward.

The Bedford Report releases investment research 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.

First Majestic is a producing silver company focused on silver production in Mexico. The company recently posted record first quarter profits due to a 95% increase in average realized silver prices from the same quarter of 2010. The company says that silver production was up 25 percent year-on-year.

Silver Wheaton is the largest silver streaming company in the world. Based upon its current agreements, the company's forecast 2011 production is 27 to 28 million silver equivalent ounces, including 15,000 ounces of gold.

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