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« How Much More Demand Can Silver Handle? | Main | SK OptionTrader Extends Winning Streak To 46 Consecutive Trades »
Wednesday
Feb162011

Silver Standard Resources Incorporated Up 1.73% Today

SSRI logo.JPG


Silver Standard Resources Incorporated (SSRI)is a silver producer with the largest silver resource of any publicly-traded silver company. The Pirquitas Mine in Argentina produced 6.3 million ounces of silver in 2010, and is projected to produce 8.5 million ounces of silver in 2011. With an Americas-based portfolio of 14 projects ranging from grassroots to production, a strong balance sheet and technical management team, Silver Standard is well-positioned to deliver sustained growth through silver.



2010 Achievements
• Produced 6.3 million ounces of silver at
Pirquitas Mine
• Generated C$233 million in gross cash proceeds
from Pretium Resources Inc. IPO#
• Completed feasibility study for San Luis
gold-silver project
• Expanded resources at Snowfield and Brucejack
Projects and completed preliminary assessment


2011 Plans
• Produce 8.5 million ounces of silver
• Make a production decision at San Luis
• Complete San Agustin preliminary assessment
• Progress Pitarrilla Project
• Explore throughout Mexico, Peru, Chile
and Argentina.

SSRI long Chart 16 Feb 2011.JPG

Now taking a quick look at the above chart we can see that its been a few years since SSRI traded at the $40.00 plus level, if it can get some traction as silver prices improve we may see the stock hit those price levels again.

We still own this stock and will continue to observe its behaviour in the market place before making any further purchases.

Silver Standard Resources Incorporated can be found on the TSX under the symbol of SSO and the NASDAQ under the symbol of SSRI)


In today's trading session we closed another options trade so we now have 64 winners out of 66 options trades, or a 96.96% success rate If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.


sk chart 10 Dec 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.


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Reader Comments (2)

I've owned SSRI for many years. Now that it is FINALLY producing, there should be more institutional buying.
And with silver making close to new highs again, SSRI should be much higher. Any ideas why it is lagging?

February 16, 2011 | Unregistered CommenterTom

Tom,

You may want to read this post that we did a little while back:

http://www.silver-prices.net/ssri-ceo-position/

February 17, 2011 | Unregistered CommenterSilver Prices

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