Arcadia Economics, Released on 12/21/23

ilver is now back in positive territory on the year, as a late year rally has left the price up by 30 cents in 2023. But that’s done little to address the longer term implications in the market, where we’ve seen a deficit for the past few years, and the supply and demand dynamics show that’s expected to continue. And in today’s show, Keith Neumeyer of First Majestic Silver talks about the conditions in the market, and explains why the current silver price simply won’t supply the demand that the market is calling for. He also talks about the conditions that will need to occur in the market for the deficit to even begin to be addressed. And Keith also offers an update on First Majestic Silver, their progress in 2023 and also their plans in 2024.

Keith Neumeyer is the president and CEO of First Majestic Silver, one of the largest primary silver mining companies in the world. He’s also the founder and chairman of First Mining Finance. Both companies are traded on the Canadian and U.S. stock exchanges.

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.

  Keith Neumeyer, silver