View Full Version : Silver strides another golden thread

4th March 2010, 01:31
Bullish news!!

GOOD news for the silver buffs -- RBC Capital Markets has reported out of London that silver equities are lagging the metal price.
Silver traded at $US17.13/oz overnight in New York, but RBC says it believes that silver producers are being valued at the long term silver price average of $US13 (it expects an average this year of $US15/oz).

The analysts are expecting global demand to outpace mine supply this year, even though some new production is coming online. Upcoming are Coeur d'Alene’s San Bartolome mine in Bolivia and Palmarejo mine in Mexico (which it acquired by taking over Australia's Bolnisi Gold), Pan American Silver Corp's Manatial Espejo mine in Argentina and Barrick Gold's output in Argentina and Chile.