$22.74
-0.55 (-2.36%)
Coeur d'Alene Mines Corp (CDE)
CAPS Rating:
A Primary silver producer which is engaged, through its subsidiaries, in the operation and ownership, development & exploration of silver and gold mining properties and companies located within the United States, South America, Australia and Africa.
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When precious metals experience the next leg up, silver is going to do better than gold. CDE has legal problems, but they seem to be resolved. While above ground amount of gold climb every year, above ground amounts of silver decrease every year. Silver has a lot of useful applications, more than gold. There is silver in the keyboard I am typing this on right now. Even though silver is a precious metal, even a sharp increase in price is unlikely to affect demand because the amount used for each individual application is so small and that a suitable substitute is not available.