Company News: Page (1) of 1 - 10/24/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

China's Economic Slowdown Could Signal Significant Downturn in Silver Demand

The Paragon Report Provides Equity Research on iShares Silver Trust & Great Panther Silver (October 24, 2011)

NEW YORK, NY -- (Marketwire) -- 10/24/11 -- Silver prices have been volatile of late as signs of a strengthening US economy has pushed the dollar up, and taken away the metal's safe haven appeal. Meanwhile, a slowing Asian economy has led to concerns regarding industrial silver demand. The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on iShares Silver Trust (NYSE: SLV) and Great Panther Silver Ltd. (NYSE Amex: GPL) (TSX: GPR). Access to the full company reports can be found at:

www.paragonreport.com/SLV
www.paragonreport.com/GPL

In China, roughly 70 percent of the country's silver demand comes from the industrial sectors. Chinese customs data recently showed export growth falling last month more than expected, while import growth also slowed. China's third-quarter gross domestic product was up 9.1% from a year earlier, slowing from 9.5% growth in the second quarter and 9.7% growth in the first, China's National Bureau of Statistics said last week. Growth fell short of the median 9.2% forecast of 14 economists surveyed by Dow Jones Newswires.

The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the silver industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.


Silver mining stocks -- which have underperformed silver prices all year -- are also struggling. "Concerns about a possible hard landing for the Chinese economy has weighed on mining stocks," David Jones, chief marketing strategist at IG Index, explains. "It is difficult to see a catalyst for further gains in the short term."

Several marquee silver producers forecasted a drop in silver prices and took necessary precautions such as selling several mining sites. Many companies also increased hedging. Hedging programs allow producers to lock in current silver prices for future production, guarding against any potential price declines in the future.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine


Copyright @ Marketwire

Page: 1


Related Keywords: Paragon Report, Research Reports, Analyst Reports, Equity Research, Stock Market, Investment, China, Marketwire, , Silver, china, Other,

HOT THREADS on DMN Forums
Content-type: text/html  Rss  Add to Google Reader or
Homepage    Add to My AOL  Add to Excite MIX  Subscribe in
NewsGator Online 
Real-Time - what users are saying - Right Now!

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved