Silver Stocks Continue to Surge on the Announcement of Stimulus Plans from Central Banks
21.09.2012 | Marketwire
Five Star Equities Provides Stock Research on Pan American Silver and Silver Standard ResourcesNEW YORK, NY -- (Marketwire) -- 09/21/12 -- Silver stocks have been on a tremendous run in recent weeks on the announcement of stimulus measures from central banks across the globe. Both the Global X Silver Miners ETF (SIL) and the iShares Silver Trust (SLV) have gained nearly 25 percent in the last month, more than 10 times the gain of the Dow Jones Industrial Average over the same period. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) and Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO).
Access to the full company reports can be found at:
www.FiveStarEquities.com/PAAS
www.FiveStarEquities.com/SSRI
The Federal Reserve last Thursday announced the implementation of Quantitative Easing 3, which will focus on bond purchases in the mortgage market sending silver prices surging to a six-month high. Investors have historically flocked to precious metals as bets against currencies in times of economic unrest. The previous round of quantitative easing in 2011 helped send gold and silver prices near $1,900 and $50 an ounce, respectively.
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.
Pan American owns and operates seven silver mines in Peru, Mexico, Argentina and Bolivia. The Company also owns the Navidad silver deposit, one of the largest undeveloped silver deposits in the world. For the second quarter of 2012 Pan American reported the second-highest quarterly silver production in company history, of 6.4 million ounces.
Silver Standard Resources operates the Pirquitas Mine in Argentina and controls the largest silver resource of any publicly-traded silver company with a quality portfolio of exploration and development properties in Argentina, Mexico, the United States, Chile, Peru and Canada. The company recently reported silver and zinc mineralized intercepts from three target areas at its Pirquitas mine.
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