CPM Group Releases 2008 Silver Yearbook

New York, Apr 30 2008

CPM Group released its annual Silver Yearbook this evening. The report provides detailed statistics on mine production, total supply, fabrication demand, and investment demand.

Silver market trends during 2007 are covered and projections are provided for 2008. The report, published under various titles since the early 1970s, is viewed as the most accurate and reliable estimate of silver market supply and demand each year.

Silver prices surged in 2007 to highs not seen since January 1981. Prices have risen consistently since making a low of $4.028 on 26 November 2001. This price increase has reflected continued strong investor appetites for silver. Last year was the second consecutive year that investors were net buyers of silver, after many years of being net sellers.

Investors worldwide have turned to silver because of silver's financial properties as a hedge against political, economic, and financial problems and uncertainties. Silver's supply and demand fundamentals also have been supportive of prices. A strong world economy has helped increase fabrication demand over the past couple of years even in the face of rising prices. Prices have risen overall amid a backdrop of a broader move into commodities investments by investors worldwide.

CPM Group's 2008 Silver Yearbook comes in a 185-page hard-bound book. The report is comprised of seven chapters: Review and Outlook, Supply, Fabrication Demand, Investment Demand, Inventories, Markets, and Prices. Each chapter provides extensive information on the silver market during 2007 as well as historical data.

CPM Group's Silver Yearbook 2008. Available in printed and/or PDF format. US$ 75.00. Available from CPM Group. 30 Broad St., 37th Floor. New York, NY 10004 Tel. 212-785-8320. Fax: 212-785-8325. email: info@cpmgroup.com.

The report may be ordered and downloaded online at www.cpmgroup.com

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