CEO who called for triple digit silver price admits this is the most important force for the metal's future
(Kitco News) - Governments around the world will continue to print money and keep interest rates either unchanged or lower, which would be bullish for the precious metals, including silver, this according to Keith Neumeyer, CEO of First Majestic Silver.
“I’ve been calling for triple-digit silver for a few years now, and I’m more enthused now but I’m cautiously enthused. I thought it would have happened sooner than it currently is happening,” Neumeyer told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
The most important factor influencing silver and metals prices is not so much headline market movers like the trade war, but rather, the supply-demand fundamentals behind the metals, he said.
“The headline stuff that we read every day, whether it’s Trump or China, those will move markets for sure, but it doesn’t move supply and demand. Supply and demand ultimately moves markets, and that’s what I care about,” he said.
Neumeyer has taken the crown for the Kitco Mining CEO of the Year Award, slightly leading Eric Fier of SilverCrest Metals, another silver producer.
“Silver investors are definitely passionate. I know that just from doing this for 18 years. Just at this conference I’ve had dozens of people come up to me, thanking me and congratulating First Majestic, so it’s really great to see,” Neumeyer said.