NEW YORK, NY -- (Marketwire) -- 01/23/12 -- Silver stocks have been on the upswing over the last month, with the iShares Silver Trust ETF gaining more than 6 percent. Investors are taking safe haven in precious metals as the European financial crisis shows no signs of slowing. Even the Global X Silver Miners ETF -- which has been underperforming silver prices over the last year -- has shown signs of growth of late, spiking an impressive 4.5 percent since December 21, 2011. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Silver Wheaton Corporation (NYSE: SLW) (TSX: SLW) and iShares Silver Trust (NYSE: SLV). Access to the full company reports can be found at:
A recent report from the Silver Institute forecasted that industrial fabrication would increase by 37 percent between 2010 and 2015, meaning a potential increase from approximately 488 million ounces (m/oz) to 666 m/oz. A recent article for Resource Investing News explains that fabrication of silver often brings to mind coins, jewelry, and cutlery.
Silver prices are also benefitting from a rebound in the U.S. economy, which is beginning to drive industrial demand for the metal. The Silver Institute says that industrial use for silver skyrocketed 21 percent year-on-year in 2010, with electrical and electronic applications compose the largest segment.
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Silver production has been on a continual upswing. According to The Silver Institute, the growth in silver production is being driven by new projects in Mexico and Argentina. "This change came about as a result of increased production in primary silver mines and as a by-product of lead/zinc mining. For the first time, Mexico eclipsed Peru as the world's largest silver producing country. China, Australia and Chile round out the top five (silver producers)," The Silver Institute reports.
Silver stream or silver purchase agreements allow Silver Wheaton to purchase, in exchange for an up-front payment, the by-product silver production of a mine that it does not own or operate. The company currently has several purchase agreements with companies with operations in Mexico, including Goldcorp's Penasquito gold and silver interest.
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