SOURCE: Five Star Equities

Five Star Equities

April 09, 2012 08:20 ET

Silver Wheaton Corp. and Endeavour Silver Corp. Dip as Silver Underperforms

Five Star Equities Provides Stock Research on Silver Wheaton Corp. and Endeavour Silver Corp.

NEW YORK, NY--(Marketwire - Apr 9, 2012) - The investment environment is bleaker than it was last year for silver enthusiasts. Angelos Damaskos, chief executive of Sector Investment Managers, observed, "Now we are back to the normal situation, where silver behaves much more like industrial metal. Investors are no longer looking at it as a safe-haven asset," and going on further to say "It will probably underperform for a good few years." Five Star Equities examines the outlook for companies in the Silver Industry and provides investment research on Silver Wheaton Corp. (NYSE: SLW) (TSX: SLW.TO) and Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR.TO).

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"There are two issues that in the short term suggest we are not going to head back towards $50," Mitsui Precious Metals strategist David Jollie said. "One is that margins on Comex are still higher than they were last year, so investors are going to have to come back in more weight to drive the price further." He added, "At the same time, silver turnover on the Shanghai Gold Exchange is relatively low compared to where it was last year."

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.

Silver Wheaton Corp. recently announced end-of-year 2011 proven and probable reserves of 798 million ounces of silver and 0.22 million ounces of gold, attributable measured and indicated resources of 452 million ounces of silver and 0.38 million ounces of gold, and attributable inferred resources of 355 million ounces of silver and 0.07 million ounces of gold.

Endeavour Silver Corp. announced record earnings, cash-flows and revenues for the year ended December 31, 2011, thanks to the Company's seventh consecutive year of growing silver and gold production, lower cash operating costs and higher precious metal prices.

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