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Silver Prices Hit 19-Month Low -- Industrial and Investment Demand for the Precious Metal Slowing

27.06.2012  |  Marketwire
The Paragon Report Provides Stock Research on Endeavour Silver and Silver Standard Resources

NEW YORK, NY -- (Marketwire) -- 06/27/12 -- Silver stocks have struggled in 2012 amidst growing concerns of a global economic slowdown. Around 50 percent of silver's demand comes from industrial uses, which has suffered significantly from the euro-zone crisis. The Global X Silver Miners (SIL) has fallen over 18 percent in the last three months, while the iShares Silver Trust ETF (SLV) has fallen over 14 percent over the same period. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) and Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO).


Access to the full company reports can be found at:

www.ParagonReport.com/EXK

www.ParagonReport.com/SSRI


Silver prices last Friday hit a new 19-month low as both industrial and investment demand for the precious metal has slowed. Silver for July delivery settled at $26.661 per troy ounce Friday, the lowest since November of 2010. The recent decision by the Federal Reserve to not pursue aggressive stimulus measures has reduced investment demand for safe havens, gold and silver. "In light of silver industrial demand slowing down and investment demand failing to plug the gap, it is the precious metal most vulnerable on the downside," Barclays' Suki Cooper said in a note.

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.

Endeavour Silver has two producing silver mines in Mexico, the Guanacevi Mines operation in Durango State and the Bolañitos Mines operation in Guanajuato State. In 2011 these mines produced 3.7 million ounces of silver and 21,800 ounces of gold. Production is forecasted to rise in 2012 to 4.3 million ounces of silver and 26,800 ounces of gold.

Silver Standard has the largest in-ground silver resource of any publicly-traded primary silver company, with a pipeline of 15 projects ranging from grassroots exploration to production in Argentina, Peru, Mexico, Canada, Chile, and the United States. During the first quarter of 2012 the company entered into two long-term silver concentrate sales contracts with smelters for 60 percent of monthly production commencing April 2012.

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: www.ParagonReport.com/disclaimer
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