Tiger Blog - Silver Breakout Is Coming. Buy More SSRI

It's used in computers, cells phones, and electrical relays. This means that as countries like China, India, and Vietnam, and regions like Eastern Europe, become more modernized, the demand for silver will increase.

Silver is also applied in medicine. One little-known use is as a bactericide, a role silver has filled throughout history. Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.

Gold is hoarded. It's estimated that 95 percent of all gold ever mined is still around. The exact opposite is true of silver: An estimated 95 percent of all silver ever mined has been consumed.

Forty-five percent of all silver mined is burned up in industrial uses. Jewelry accounts for 28 percent, and 20 percent has been consumed in photography. Only 5 percent is in coins.

In 1900, it was estimated that the world had 12 billion ounces of silver. By 1990 it had dropped to 2.2 billion ounces. By 2007, the supply was down to 300 million ounces.

Some of the more pessimistic forecasts estimate that the world will be out of silver in about 10 years. This could be catastrophic to the world economy. In 10 years, silver might have as much of an impact on the world economy as $200-a-barrel oil.

You will want to find more out about the stock's fundamentals. Here is a little of what Yahoo
reports. Google's Financial section should also be used.

Silver Standard Resources Inc.
999 West Hastings Street
Suite 1180
Vancouver, BC V6C 2W2
Canada - Map
Phone: 604-689-3846
Fax: 604-689-3847
Web Site: http://www.silver-standard.com

Silver Standard Resources, Inc. engages in the acquisition, exploration, and development of silver mineral properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. It owns a 100% interest in the Diablillos silver-gold project located in the province of Salta in north-western Argentina; the Pirquitas silver property located in the province of Jujuy in northern Argentina; the Bowdens project located in New South Wales, Australia; the Silvertip, Snowfield, and Sulphurets projects located in British Columbia, Canada; the Sunrise Lake deposit located in Northwest Territories, Canada; and the Challacollo silver project located in northern Chile. The company also holds a 100% interest in the Pitarrilla property located in the Durango and the San Marcial silver property located in Sinola in Canada; the Berenguela property located in the province of Lampa in southern Peru; the Candelaria silver mine in Nevada; and the Shafter silver mine located in Presidio County, Texas. It has an option to acquire a 100% interest in the Veta Colorada silver property located in the state of Chihuahua, Mexico. In addition, Silver Standard Resources holds a 55% joint venture interest for the exploration of the San Luis property located in the Ancash Department, Peru. Further, the company has an exploration and development agreement with Vista Gold Corp. to explore silver resources hosted in the Maverick Springs gold-silver property in northern Nevada. It has a strategic alliance with Minco Silver Corporation to pursue silver opportunities in the People's Republic of China; and an agreement with Esperanza Silver Corporation for the exploration of silver projects in Peru. The company was incorporated in 1946 and is headquartered in Vancouver, Canada.

================================= SSRI CEO OUTLOOK =======================================
Outlook on Silver and Silver Stocks with Robert A. Quartermain of Silver Standard Resources
http://www.miningsectorstocks.com/Articles/092107a.asp

In regards to my outlook on silver I think it continues to remain good. Key drivers in the silver market are its uses in electrical and industrial applications. For the first time ever last year, more than 50% of silver consumption on a global basis was in electronics and industrial applications which meant that there was less consumption in its more conventional uses such as silverware, jewellery and photography. One of the driving forces of that is the use of silver as a catalyst and as a result of having this quality, it is used in the oil & gas industry, it is used to produce plastics and also in many high temperature applications. As well, if you apply a current to silver it doesn't spar k and as a result of this it is used in a lot of small electrical connections such as those used in palm pilots and things of that nature where the solder incorporates silver. As a matter of fact in July of 2007, the European Union banned the use of lead in solders and some of the potential replacement that's being used (that we are seeing from anecdotal information) would be silver in solders. Solders of course are used in light switches that you use in homes and so we are starting to see a bit of an uptake in silver demand in those applications. Silver is also used in photovoltaic cells, in solar panels and a wide variety of everyday uses such as cell phones and computers. So I think that as we see the growing economies in both China and India and the movement there towards consumer goods, particularly cell phones and other communication devices then we should continue to see consumption growth in electrical and consumer applications of silver so the outlook for the commodity remains bullish.

Regarding silver stocks, they are somewhat dependant on the market. Till date the price of silver has gone from $5/oz level 3 to 4 years ago to its current $13/oz level.

Stocks which are focused on silver such as ours and our peer group have enjoyed an increasing share price because of the leverage we have to the commodity from our project base. Investors should also keep in mind that market fluctuations may sometimes override movements in the stock relative to silver price. We are currently coming into the season where physical demand picks up particularly in India due to their wedding as well as religious festival that occur in the fall and this often results in increased seasonal consumption of silver. India in the past has been a fairly large consumer of silver both from a jewellery point of view as well as an in investment.

Later in October there is a conference organized by the silver institute in China which I'll be attending and one thing t hat the conference focuses on is Chinese consumption of silver. Over the last few years the amount of consumption of silver jewellery in China hasn't been comparable to that of India, so if we start to see that kind of consumption pick up in China, it will result in an incremental increase in demand and that will certainly be reflected in price of the commodity and then onto silver share prices.

Nov 01, 2007
TORONTO, ONTARIO--(Marketwire - Nov. 1, 2007) - Valencia Ventures Inc. ("Valencia")(TSX VENTURE:VVI) is pleased to announce that it has entered into an agreement with Silver Standard Resources Inc ("Silver Standard")(TSX:SSO)(NASDAQ:SSRI) to acquire an 80% interest in the Nuevo Juncal Silver property. The Nuevo Juncal property is located approximately 125 km southeast of Valencia's Cachinal Silver Project in northern Chile. Valencia has focused its corporate development effort in the region surrounding the Cachinal project to utilize its local expertise and knowledge to build on the resource the Company is establishing at Cachinal.
http://www.marketwire.com/mw/release.do?id=787561

Silver Standard and Esperanza Announce Further High-Grade Results at San Luis
Tuesday September 18, 5:00 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 18, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) and Esperanza Silver Corporation (CDNX:EPZ.V - News) are pleased to announce more results of ongoing diamond drilling at the San Luis high-grade gold and silver joint venture property in central Peru.

Infill drilling on the Ayelen Vein continues to confirm high-grade gold and silver mineralization and to define the mineralization before the commencement of an underground exploration program, which is planned to begin later this year, subject to receipt of permits. Significant drill results from the current program include:

- in drill hole A-SL-098, an angled hole drilled close to drill holes A-SL-016 and A-SL-018 (both of which intersected very high-grade values), a 26.2-foot interval averaging 2.05 ounces per ton gold and 27.2 ounces per ton silver (8.0 meters averaging 70.3 grams per tonne gold and 932.0 grams per tonne silver).

- in drill hole A-SL-087, an angled hole drilled beneath hole SL-06-085 toward the north end of the vein system, a 67.6-foot interval averaging 0.21 ounces per ton gold and 9.0 ounces per ton silver (20.6 meters averaging 7.2 grams per tonne gold and 309.1 grams per tonne silver).

High-grade mineralization within the Ayelen vein has been identified over 650 meters of strike length and exploration is continuing to define the structure to the south. The high-grade mineralization has been found for a depth of up to 225 meters, from below the top of the ridge down to the 4,350 meter level. Recent infill drill results for the Ayelen Vein are summarized below: