http://media.marketwire.com/attachments/201109/31891_Paragonlogo.gifhttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=889681&ProfileId=051205&sourceType=1NEW YORK, NY -- (Marketwire) -- 05/21/12 -- After falling for multiple trading sessions silver prices rallied sharply Thursday and provided a great boost for silver companies. The Global X Silver Miners ETF (SIL) jumped 2.62 percent Thursday -- nearly matching the iShares Silver Trust (SLV) gain of 3.30 percent. Silver's rally will look to continue on the emergence of Chinese Silver futures and increased fabrication demand. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on Silvercorp Metals Inc. (NYSE: SVM)(TSX: SVM) and Great Panther Silver Ltd. (NYSE: GPL).
Access to full reports can be found at:
www.ParagonReport.com/SVM
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Investors in China will now be able to trade silver futures at home. The Shanghai Futures Exchange gained approval to begin trading silver futures on April 26th, according to the China Daily newspaper. "There has been an absence of a means of trading in silver in China," Wang Ruilei, an analyst with precious metal trader CGS Co Ltd, told China Daily. "The market will be bigger and more liquid with the advent of these futures contracts."
On another note, Phillip Klapwijk of GMFS expects fabrication demand for silver, which makes up 80 percent of total demand for the metal, to rise as much as 5 percent this year to roughly 900 million ounces.
Paragon Report 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 www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Silvercorp Metals is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. The company reported record production of 5.6 million ounces of silver, or 6.06 million ounces of silver equivalent (including 8,800 ounces of gold), being the sixth consecutive year of production growth with an increase of 6% in silver production compared to 5.3 million ounces in fiscal 2011.
Great Panther Silver Limited is a silver mining and exploration company. The Company's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico. In the first quarter of 2012 silver production increased 1 percent to 359,526 ounces from the fourth quarter of 2011, but declined 12 percent from the first quarter of 2011.
Paragon Report provides Market 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 Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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