Kitco News, Released on 6/21/22

The Federal Reserve’s hawkish stance is not sustainable, and it is likely that not only will the world’s largest central bank stop raising rates altogether by the end of the year, they will reverse course and lower rates, according to Keith Neumeyer, CEO of First Majestic Silver. Speaking to Michelle Makori, Editor-in-Chief and Lead Anchor of Kitco News at the Prospectors & Developers Association of Canada conference in Toronto, Neumeyer said that the Fed’s monetary policy pivot will likely occur by Q4 of 2022 and spur another bull rally in the precious metals.

0:00 – Market sentiment
1:31 – Silver price performance
3:20 – Global growth and silver
5:20 – Ukraine War and decarbonization
7:08 – Silver as a strategic metal
8:14 – Silver’s industrial demand
10:17 – ESG, silver, and recycling
17:20 – First Majestic Silver performance
21:55 – Ukraine war and precious metals
25:40 – Fed policy
28:50 – Triple-silver silver
30:00 – Silver price projection

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.

  gold, Keith Neumeyer, silver