Kitco News, Released on 7/10/24

Jeremy Szafron, Anchor at Kitco News, interviews Keith Neumeyer, CEO of First Majestic Silver, at the Rick Rule Symposium in Boca Raton. Neumeyer discusses the critical industrial importance of silver in applications like electronics and solar panels, and he explains the reasons behind its price manipulation by major trading desks. He highlights the alarming 240 million ounce deficit in the silver market and how this imbalance could drive prices higher. Neumeyer also addresses the absence of institutional investors in the silver market and their potential impact if they become involved. Additionally, he shares his bullish outlook on silver reaching triple-digit prices, the significance of the mining ratio of silver to gold, and his optimism about the new administration in Mexico’s mining policies. Lastly, Neumeyer predicts a major bull market in commodities, led by gold and followed by silver.

00:00 – Introduction
01:00 – Silver’s Industrial Importance
02:30 – Price Manipulation Explained
04:00 – Silver Market Deficit
05:30 – Institutional Investors’ Absence
07:00 – Predictions for Silver Prices
08:30 – Silver vs. Gold Mining Ratio
10:00 – Mexican Mining Policies
11:30 – Bull Market in Commodities
12:30 – Closing

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.

  investing, Keith Neumeyer, silver