Silver Standard Resources: Further Upside From Lower Cash Costs, Rising Silver Prices
- SSRI has succeeded in lowering its cost for the production of silver. The total cash costs amounted to $12.87 per ounce for 2013, down 24% from $16.88 from 2012.
- The long-term outlook of silver contract prices is highly dependent on econometric factors. The recent quantitative easing tapering measures have resulted in great volatility in the prices of precious metals.
- The Chinese economy is showing signs of an economic slowdown, but demand for silver may rise if further stimulus is undertaken through carious policy measures.