NEW YORK, NY -- (Marketwire) -- 01/24/13 -- Silver's recent rally can be attributed to a strong surge in investment demand. Last week, the iShares Silver Trust ETF (SLV) reported holdings increased by 572-metric tons, the largest increase in five years, to 10,735 tons. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on First Majestic Silver Corp. (NYSE: AG) and Endeavour Silver Corp. (NYSE: EXK)(TSX: EDR).

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Data collected from Bloomberg and Barclays show that investment through silver-backed exchange-traded products is at a record of 19,114 tons globally, which is approximately nine months of mine output. Additionally, the U.S. mint has reported that they have temporarily sold out of 2013 American Eagle Silver coins. So far in January silver sales have totaled 6,007,000 troy ounces, more than double 2012's average monthly sales of 2,811,875, according to data from the Mint.

"Some investors see poor man's gold as a cheaper alternative to the yellow metal and are allocating to it," said Mark O'Byrne, executive director of GoldCore Ltd. "Allocations to silver remain very small which suggests that the holdings could go higher resulting in higher silver prices again in 2013."

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First Majestic owns three producing silver mines and two development projects through four separate wholly owned Mexican subsidiaries. First Majestic's largest operation; the La Encantada Silver Mine was expanded several times since 2006 to reach the current capacity of 3750 tpd. The company reported total production reached a new quarterly record of 2.6 million silver equivalent ounces in the fourth quarter.

Endeavour Silver is a premier, mid-tier silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted seven consecutive years of aggressive silver production and resource growth. The company reported silver production of 1,235,026 oz in the fourth quarter of 2012, a year-over-year increase of 10 percent.

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