The Gold Report
Many analysts expect strong industrial demand for silver over the medium- to long-term to provide price support going forward. Strong investment demand can also be seen in record combined ETF silver holdings, which reached 472.7 million ounces Friday, up 0.2% from the previous week.
Kevin Maclean, manager of the Sentry Select Precious Metals Growth Fund, sees silver not only keeping up with gold over the long term, but outperforming its yellow cousin as well. "Silver is also a metal which is challenged in terms of supply," says Maclean. "I think silver will outperform simply because it is a much smaller market, and as investment dollars chase it, it would tend to pushed a little bit higher than gold would be."
Mr. Maclean recently won Lipper awards for fund of the year in the precious metals equity category for the three-year and five-year periods ending December 31, 2009. The fund's average annual return was 8.5% and 25% over the three- and five-year periods, respectively.
Maclean says he holds shares in Silvercorp Metals (SX: SVM), Hecla Mining (NYSE: HL), Fortuna Silver Mines Inc. (FVI.TO, Lima Exchange:FVI) and Silver Wheaton Royalty Co. (TSC: SLW).
Notable Quotes
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >
"DGC is attractively priced and should outperform its peers." (5/10/13) Detour Gold Corp. - Brad Humphrey, Raymond James More >
"Lead, zinc and gold factor heavily into the economics for MAG's Juanicipio silver project." (5/14/13) MAG Silver Corp. - The Metals Report Interview with Brent Cook More >
Silver Miners Making News
Source: Silver Investing News, Melissa Pistilli (2/23/10)
"I think silver will outperform [gold] simply because it is a much smaller market. . ."
More Experts
"ATY absolutely has potential for further discoveries at El Roble." (5/10/13) Atico Mining Corp. - The Gold Report Interview with Paul Harris More >
"OLE has the single largest set of deposits in Senegal, a country where gold mining is growing." (5/13/13) Oromin Explorations Ltd. - The Gold Report Interview with Peter Grandich More >
"BRD's Grey Fox continues to return high-grade gold results." (5/9/13) Brigus Gold Corp. - Eric Winmill, Casimir Capital More >
"We currently have a Buy recommendation on PVG." (5/8/13) Pretium Resources Inc. - Ash Guglani, Salman Partners More >
"NGC will solidify its position as having the most advanced and economically robust graphite project out there." (5/8/13) Northern Graphite Corporation - Kiril Mugerman, Industrial Alliance Securities More >