www.mineweb.com/mineweb/view/mineweb/en/...oid=73294&sn=Detail
JOHANNESBURG -
Across the broad landscape of globally listed mining companies, silver bullion miners, developers and explorers are less wanted than anything else. Looking at 43 names listed in the category, the average stock price loss from highs, measured on a weighed basis, is currently around 83%, leaving especially the smaller stocks fully vulnerable to facing the prospect of shorter term bankruptcy.
Silver bullion itself is 56% off its highs, seen in March this year. Amid the apparent dire state of affairs for both silver bullion prices, and stocks operating in the silver space, bullish comments and forecasts remain the order of the day. This week, ScotiaMocatta insisted that in spite of poor demand outlook in the short term, the long-term outlook for precious metals remains bullish, and that "silver is well placed to outshine gold".
Pan American Silver president and CEO Geoff Burns noted last week that despite the global financial crisis, "the physical investment market remains very strong as common investors are accumulating physical silver and gold during turbulent times. I personally believe they will be handsomely rewarded for their foresight," he told analysts and investors during a conference call to discuss quarterly financial results.
In his opening address to the successful London Silver Summit on 5 November specialist precious metals and natural resources fund manager N...
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