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Here’s a look at the Investing News Network’s top silver stories for the second quarter of 2015. The bulk of the stories cover the silver price what may boost it in the future; however, some include stock picks from various thought leaders.
The silver space saw a lot of ups and downs in the first quarter of the year. The white metal dipped as low as as $15.47 per ounce and reached a high of $18.31, but was still best-performing precious metal for the period.
In Q2, the story was much the same. The silver price fell as low as $15.76, but also reached $17.68. Given that volatility, it’s perhaps unsurprising that many of the Investing News Network’s (INN) top silver stories for Q2 cover the silver price and what may boost it in the future.
Here’s a look at those articles, plus others that did well during 2015′s second quarter, for those who missed them the first time around.
1. Silver Price Could Benefit from Increased Solar Sector Demand
Silver investors are always interested in what factors may boost the white metal’s price, and for this article, INN caught up with Andrew Leyland of Thomson Reuters GFMS to get some insight. Leyland pointed to the solar industry as a catalyst to watch, noting that demand for solar power is set to rise to 57 gigawatts of electricity in 2015, an increase of 30 percent.
2. Louis James’ Canvest 2015 Stock Picks
In his presentation at the 2015 Canadian Investor Conference, Louis James of Casey Research said that if companies can still manage to make money in the current tough market, they will likely succeed when this downtown ends. He also offered his stock picks for various commodities, stating that in the silver space companies on his radar include Silver Wheaton (TSX:SLW,NYSE:SLW) and Fortuna Silver Mines (TSX:FVI,NYSE:FSM).
3. Peter Spina: Stock Picks from Canvest 2015
Peter Spina, president of GoldSeek.com and SilverSeek.com, was another presenter at Canvest who offered some insight into the silver space. Besides identifying the various geopolitical issues affecting the silver price, he offered up a list of companies he likes at the moment. SilverCrest Mines (TSX:SVL,NYSEMKT:SVLC) and Fortuna Silver Mines (TSX:FVI,NYSE:FSM) are his picks as far as silver goes.
4. Silver Standard to Take 8-percent Stake in Golden Arrow Resources
When Silver Standard Resources (TSX:SSO,NASDAQ:SSRI) signed an agreement to take an 8-percent stake in Golden Arrow Resources (TSXV:GRG), executives at Golden Arrow took it as further validation of the company’s Argentina-based Chinchillas silver project. Golden Arrow’s president and CEO said at the time, “[t]his investment by an experienced operator and significant silver producer like Silver Standard validates the quality of our Chinchillas Silver Project. This financing ensures that Chinchillas continues to advance creating value for all of our shareholders.”
5. Thomson Reuters GFMS: Silver Price to Average $16.50 in 2015
The World Silver Survey is an extensive report completed annually by Thomson Reuters GFMS on behalf of the Silver Institute. This article summarizes the report, outlining key silver price, supply and demand trends for 2014; it also includes some information on what may be in store for 2015. Some 2014 highlights include record silver mine production and the fourth-highest level of demand since 1990; the market was in deficit by 4.9 million ounces for the year.
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
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