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Keith Neumeyer, Chief Executive Officer of First Majestic Silver, has actually formerly required the silver cost to eventually hit triple digits. Currently, he's upgrading that forecast.
" We have 2 brand-new driving pressures which are electrical cars and trucks and also photovoltaic panels. These technologies, these services, actually didn't exist for the most part a decade earlier. Today, I'm much more committed. I'm assuming triple-digit silver … I was always assuming in the low end of that three-way figure. And now, I'm assuming it's possible to enter the higher end of that array," Neumeyer informed Michell Makori, editor-in-chief of Kitco News at the Denver Gold Discussion Forum.
Comply With Michelle Makori on Twitter: @MichelleMakori ()
Comply With Keith Neumeyer on Twitter: @keith_neumeyer ()
0:00 – Silver need overview
3:35 – Silver's commercial uses
5:50 – Silver rate reductions
8:00 – First Majestic Silver
13:04 – Deep sea mining
14:00 – Gold mining/price overview
16:00 – Gold price overview
16:43 – Bitcoin
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Silver price to hit ‘high ranges’ of triple digits; Not enough on planet to meet demand - Neumeyer
Keith Neumeyer, CEO of First Majestic Silver, has previously called for the silver price to eventually hit triple digits. Now, he’s upgrading that forecast.
“We have two new driving forces which are electric cars and solar panels. These technologies, these businesses, really didn’t exist for the most part a decade ago. Today, I’m even more committed. I’m thinking triple-digit silver…I was always thinking in the low end of that triple digit. But now, I’m thinking it’s possible to get into the higher end of that range,” Neumeyer told Michell Makori, editor-in-chief of Kitco News at the Denver Gold Forum.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Keith Neumeyer on Twitter: @keith_neumeyer (https://twitter.com/keith_neumeyer)
0:00 - Silver demand outlook
3:35 - Silver's industrial uses
5:50 - Silver price suppression
8:00 - First Majestic Silver
13:04 - Deep sea mining
14:00 - Gold mining/price outlook
16:00 - Gold price outlook
16:43 - Bitcoin
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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