NEW YORK, NY -- (Marketwire) -- 09/26/11 -- The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on iShares Silver Trust (NYSE: SLV) and Silvercorp Metals, Inc. (NYSE: SVM) (TSX: SVM). Access to the full company reports can be found at:
Silver stocks took a sizeable hit following the Federal Reserve's "Operation Twist" announcement. The theory behind 'Operation Twist' is quite different than the quantitative easing measures that supported the monumental run of precious metals prices. In the aftermath of the announcement, the US Dollar shot up. Precious metals prices tend to move inversely to price of the dollar, as they lose their "safe haven" appeal.
Silver is not only a precious metal. According to the Silver Institute more than 50 percent of Silver's use is industrial. Silver can be used for batteries, brazing and soldering, bearings and high-end electronics and is also used in cutting edge solar technology. With the global economy teetering on the brink of a double dip recession, manufacturing use for silver may come down.
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Silvercorp Metals has garnered significant attention this month. The Rosen Law Firm, P.A. announced that it is investigating potential securities fraud claims against Silvercorp Metals resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public between June 8, 2009 and September 13, 2011. Silvercorp vehemently refutes any substance in the allegations. After the stock took a sizeable hit, the Company said last week that its shares are undervalued and that it is pushing ahead with its share repurchase plan.
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