Oversupply Concerns Could Weigh on Silver Wheaton and Silvercorp
The Paragon Report Provides Equity Research on Silver Wheaton & Silvercorp Metals
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/13/12 -- Silver prices have been on the upswing this month despite a stronger greenback and positive economic data from the US. The silver market remains highly volatile, however, as the year-long trend of high silver prices has caused a surge in the supplies of silver scrap from recycling and other sources -- leading some analysts to warn of a possible oversupply. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on Silver Wheaton Corporation (NYSE: SLW) (TSX: SLW) and Silvercorp Metals, Inc. (NYSE: SVM) (TSX: SVM). Access to the full company reports can be found at:
A recent report issued by Silver Investing News says that silver production was expected to increase by 30 million ounces in 2011 and by a similar amount this year. According the report, "Silver is a commodity in surplus and there is little indication that will change anytime soon."
TD Securities warns that silver prices could be weighed down this year due to an oversupply. "In the past, silver's industrial side has generated deep corrections for the white metal and we don't expect it will be much different this time around, with a correction to materially below $25/oz entirely possible," TD Securities writes.
The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the silver industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Earlier this week the company announced that it received RMB 269 million cash dividend payment (equivalent to USD $43 million) from its 77.5% owned Chinese subsidiary, Henan Found Mining Co. Ltd., in Henan Province, China.
Silver Wheaton Corp., together with its subsidiaries, operates as a silver streaming company worldwide. The company has 14 long-term silver purchase agreements and 2 long-term precious metal purchase agreements.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon 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
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Datum: 13.01.2012 - 07:20 Uhr
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