Silver continues its descent, but BofA boosts its price objective for Silver Wheaton (SLW...

|About: Wheaton Precious Metals Corp (WPM)|By:, SA News Editor

Silver continues its descent, but BofA boosts its price objective for Silver Wheaton (SLW +1.8%), a buyer of silver rights from producers around the world. SLW expects its silver production to increase 80% by 2015 and is positioned to accelerate pursuit of streaming partnerships. Essentially, the selloff in the asset itself doesn't change the strength of its business.