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Silver above $100? Here’s why it could happen

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(Kitco News) - Silver faces serious supply constraints, and although most people may not realize, it is a very rare metal that should be trading in the triple digits in price, this according to Keith Neumeyer, CEO of First Majestic Silver.

“We’re mining eight to one, so for every one ounce of gold that’s being mined worldwide, we’re only mining eight ounces of silver. Silver is extremely rare and people don’t get it,” Neumeyer told Kitco News on the sidelines of the Denver Gold Forum. “People think silver is in abundance, but it’s not.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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