NEW YORK, NY -- (Marketwire) -- 02/09/12 -- Silver stocks have been on an impressive run in 2012. The Global X Silver Miners ETF (SIL) is up nearly 19 percent year to date -- keeping up with the metal's 20 percent gains in 2012 -- as a steady uptick in the broader market has pushed investors into riskier trading avenues. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on First Majestic Silver Corporation (NYSE: AG) (TSX: FR) and Coeur d'Alene Mines Corporation (NYSE: CDE) (TSX: CDM). Access to the full company reports can be found at:
With the S&P on the upswing, silver mining stocks have the ability to keep up with -- or exceed -- the performance of silver prices. According to The Silver Institute's most recent Silver Investment Market Update, "the investment characteristics of silver mining stocks are different from those of the metal, but in a rising market they can often outperform the silver price and hence may potentially offer healthier returns." The Silver Institute argues that investors in silver miners not only benefit from rises in silver prices, but also from a "stream of dividends."
The Paragon Report provides 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 www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
Investments in silver miners are not without risks. The Silver Institute argues that miners "sometimes face significant technical challenges in accurately quantifying their ore reserves, then mining and processing the ore profitably."
First Majestic Silver Corp. engages in the production, development, exploration, and acquisition of mineral properties with a focus on silver in Mexico. In January the company reported an 8 percent rise in silver production for 2011, helped in part by higher grades of ore, and said it expects higher output in 2012. The company also said in a press release that it expects production to rise to 8.9 to 9.4 million ounces of equivalent silver in 2012, compared with 7.6 million ounces of silver equivalent produced in 2011.
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