Bullish On Silver? Dividend Paying Companies To Consider In 2013

Aside from silver being a precious metal, it also has many industrial applications and therefore, will always have demand, especially when the global economy finally comes out of recession. Silver, as opposed to gold, has real-world everyday uses, as it's one of the most conductive metals out there and a key part of many electronics and batteries. It remains in high demand for film photography applications, even in a digital age. Silver is also an important element of surgical tools and other medical devices, and is an important component utilized in nanotechnology. With uses in electronics, nanotech and medical devices, more silver has been utilized in the past 30 years than has been mined, and inventories are now at historic lows. Silver currently trades at $30.40 an ounce and given the appreciation of silver in the last few years, some silver companies have begun to pay shareholders dividends. I believe that silver, which has yet to appreciate in value compared to gold and platinum, will eventually increase significantly in value. Thus, companies involved in mining and trading of silver will see increased revenues and higher share prices. In turn, higher profit potential could lead these companies to maintain and increase their dividends in the coming years. In this article, I highlight four companies in the silver industry that currently.....READ MORE