ITM Trading, Released on 3/7/25

I wouldn’t be surprised if a major consumer of silver struggles to produce their product,” says Keith Neumeyer, CEO of First Majestic. In this exclusive interview with Daniela Cambone at this year’s PDAC in Toronto, he discusses how banks and large financial institutions dominate the silver market through paper trading. To maintain control, they see retail investors as a threat and attempt to discourage their participation through media and other tactics, fueling silver squeeze dynamics. Watch the interview to find out what this means for the silver industry.

00:00 Tariffs
2:14 Tariffs on silver/gold
4:14 First Majestic updates
5:33 Pure silver strategy
6:27 M&A activities in silver industry
7:49 Q4 results
8:48 Silver industry
11:00 Silver price
13:55 Silver squeeze
18:56 JP Morgan buying silver

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, precious metals, silver, silver shortage, silver squeeze, tariffs