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The cost of silver can potentially rise to $40 an ounce by mid 2022, James Anderson, Chief Executive Officer as well as Chairman of Guanajuato Silver Company forecasts. However Silver has continued to underperform 2021 price quotes, presently hovering at regarding $23 an ounce.
Anderson discussed why he is so favorable on silver. "If we have a weak economic situation combined with a drive towards requiring as well as using even more silver, you're going to have base metal mines closing down that generate silver as spin-off, just as a huge need for silver comes forward," he stated. "Because atmosphere, you might conveniently see silver most likely to the $40 cost array. However it is more likely we will certainly see silver at $30 before it strikes $40. I can see it striking $40 halfway via next year."
Anderson, that is also a two decades veteran of the financial solutions industry, spoke with Michelle Makori Lead Anchor and also Editor-In-Chief of Kitco News. Guanajuato Silver Company (GSilver) is a Canadian based mining growth company took part in reactivating previous producing silver and cash cow near Guanajuato, Mexico.
Adhere To Michelle Makori on Twitter: @MichelleMakori ()
0:00 – Macroeconomic overview
3:50 – Silver rate overview
10:35 – Energy situation?
13:40 – Silver miners
17:20 – Silver cost "manipulation".
20:55 – Silver rate efficiency.
#silver #miner #economy.
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Weak economy, contracting production plus strong demand could push silver price to $40 by mid-2022
The price of silver could possibly surge to $40 an ounce by mid 2022, James Anderson, CEO and Chairman of Guanajuato Silver Company predicts. But Silver has continued to underperform 2021 estimates, currently hovering at about $23 an ounce.
Anderson explained why he is so bullish on silver. “If we have a weak economy coupled with a drive towards needing and using more silver, you’re going to have base metal mines shutting down that produce silver as by-product, just as an enormous demand for silver comes to the fore,” he said. “In that environment, you could easily see silver go to the $40 price range. But it is more likely we will see silver at $30 before it hits $40. I can see it hitting $40 halfway through next year.”
Anderson, who is also a 20 year veteran of the financial services industry, spoke to Michelle Makori Lead Anchor and Editor-In-Chief of Kitco News. Guanajuato Silver Company (GSilver) is a Canadian based mining development company engaged in reactivating past producing silver and gold mines near Guanajuato, Mexico.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
0:00 - Macroeconomic outlook
3:50 - Silver price outlook
10:35 - Energy crisis?
13:40 - Silver miners
17:20 - Silver price "manipulation"
20:55 - Silver price performance
#silver #miner #economy
__________________________________________________________________
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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