SOURCE: The Bedford Report

The Bedford Report

January 05, 2011 08:46 ET

Will the Silver Rally Continue in 2011?

The Bedford Report Provides Analyst Research on Hecla Mining & Silvercorp Metals

NEW YORK, NY--(Marketwire - January 5, 2011) -  The price of silver briefly touched new 30 year highs on Monday hitting $31 per ounce in the international market in the first week of 2011. Investors in silver saw impressive returns of 80 percent last year as a weak US dollar lured investors into the precious metals market. Traditionally, when the greenback takes a nosedive, investors flock to precious metals as their prices often move inverse to the US dollar. Silver presents itself as a unique investment opportunity as it has considerable demand as both a precious metal as well as an industrial metal. According to The Silver Institute, at least half of the demand for silver is industrial with silver being applied to batteries, brazing and soldering, bearings and electronics. Two of the most common ways two invest in silver are through an ETF or direct investment in the silver miners. The Bedford Report examines the outlook for the Silver Market and provides research reports on Hecla Mining Co. (NYSE: HL) and Silvercorp Metals, Inc. (NYSE: SVM). Access to the full company reports can be found at:

www.bedfordreport.com/2011-01-HL

www.bedfordreport.com/2011-01-SVM

While having brutal effects on the economic recovery, the high unemployment rate bodes well for silver. When economic data -- particularly job data -- disappoints, investors traditionally take haven in precious metal markets to avoid currency fluctuations. Yesterday, the Labor Department said that unemployment rates rose in 258 of the 372 largest cities, fell in 88 and remained the same in 26 in November. With Ben Bernanke stating in an interview that unemployment may take five years to fall to a normal level, silver could be a popular investment option for a long time to come.

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 www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

The bulls who believe that silver prices will continue to surge may be inclined to look into silver miners. Investors in silver miners are banking on rising earnings, as silver prices rise, to provide value. For the third quarter Hecla Mining posted third quarter EPS of six cents. The company generated $41.9 million in net cash from operating activities in the third quarter for a total of $115.3 million for the nine months period of 2010, up from $32.3 million and $51.9 million for the same periods in 2009.

The Bedford Report provides Analyst 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 Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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