Silver Wheaton and Great Panther Silver Poised toApril 19, 2011 08:16 ET
The Bedford Report Provides Analyst Research on Silver Wheaton & Great Panther Silver
NEW YORK, NY--(Marketwire - Apr 19, 2011)- The price of silver has been on the upswing this month as a weak USdollar and concerns about European sovereign debt raised investor demandfor safe-haven assets. Silver is an interesting investment opportunityas it can be considered both a precious metal and an industrial metal.Besides jewellery, ornaments and utensils, silver is also used inelectrical contacts and conductors, in mirrors and in catalysis ofchemical reactions. The Bedford Report examines the outlook for theSilver Market and provides research reports on Silver WheatonCorporation (NYSE: SLW) and Great Panther Silver Limited (NYSE Amex: GPL). Access to the full company reports can be found at:
www.bedfordreport.com/2011-04-SLW
www.bedfordreport.com/2011-04-GPL
Growingindustrial demand for silver in the international market is afundamental reason behind silver's spike in price. New technologies insolar energy, water purification and medical instruments are expected tokeep industrial demand for the metal surging going forward. In fact, arecent report released from The Silver Institute titled "The Future of Silver Industrial Demand"estimates that the amount of silver used for industrial purposes isestimated to rise to 665.9 million troy ounces by 2015, which would be a36 percent increase from the 487 million used in 2010.
TheBedford Report releases regular updates on The Silver Market soinvestors can stay ahead of the crowd and make the best investmentdecisions to maximize their returns. Take a few minutes to register withus free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Thosewho believe that silver prices will remain near 31 year highs may beinclined to look into silver miners and streamers. Investors in silverminers are banking on rising earnings, as silver prices rise, to providevalue.
Last week Great Panther Silver posted higher first-quartersilver production helped by strong recoveries from its Guanajuato mine.The company has set a production target of 3.8 million silverequivalent ounces for 2012 -- part of its three-year strategy to boostproduction.
Silver Wheaton is a silver streamer, meaningit pays to finance a mine and subsequently gets the right to buy metalsproduced from that mine. Silver Wheaton's CEO, Peter Barnes, said in aninterview with CNBC that silver prices could go through $50 in the next2-3 years. For the fourth quarter of 2010 Silver Wheaton reported thatits net earnings more than doubled to $123 million.
The BedfordReport provides Analyst Research focused on equities that offer growthopportunities, value, and strong potential return. We strive to providethe most up-to-date market activities. We constantly create researchreports and newsletters for our members. The Bedford Report has not beencompensated by any of the above-mentioned publicly traded companies.The Bedford Report is compensated by other third party organizations foradvertising services. We act as an independent research portal and areaware that all investment entails inherent risks. Please view the fulldisclaimer at https://www.bedfordreport.com/disclaimer.