Silver Stocks on the Upswing as Increased Demand Looks to Help Boost Silver Prices

Five Star Equities Provides Stock Research on Endeavour Silver and First Majestic Silver

NEW YORK, NY -- (Marketwire) -- 07/24/12 -- After a strong start to the year silver stocks have faltered in recent months as prices for the metal have struggled to gain any upwards momentum. The Global X Silver Miners ETF (SIL) has fallen over 15 percent in the last three months, while the iShares Silver Trust ETF (SLV) 14 percent over the same period. "The slide in silver prices mirrors the stubbornly sluggish global economy, and the strength of the U.S. dollar," said Keith Newcomb, portfolio manager at Full Life Financial LLC. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) and First Majestic Silver Corp. (NYSE: AG).


Access to the full company reports can be found at:

www.FiveStarEquities.com/EXK

www.FiveStarEquities.com/AG


Silver has recently been benefitting from increased demand according to Commerzbank. In a recent note the bank stated that holdings in silver exchange-traded funds, 575.1 million troy ounces, were at their highest levels since May of last year. Silver futures on Friday settled at $27.217 a troy ounce. "Investors clearly view silver's current price level of $27 per troy ounce as an attractive opportunity to buy, which means higher silver prices can be expected," the bank said.

Five Star Equities 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Endeavour Silver is a mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted seven consecutive years of growing silver production, reserves and resources. Silver production in the second quarter was up 22 percent to 1,040,026 oz and gold production was up 59 percent to 7,695 oz compared to the second quarter 2011.

First Majestic owns three producing silver mines and two development projects through four separate wholly owned Mexican subsidiaries. The company recently reported that total production at its three mines in Mexico for the second quarter ending June 30, 2012 reached 2,102,222 equivalent ounces of silver, representing a 14 percent increase compared to the same quarter in 2011.

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