Is There A Deficit For Silver? CEO Weighs In

Based on supply and demand fundamentals, there is currently a deficit in the silver market, said Keith Neumeyer, CEO of First Majestic Silver.
“First Majestic is a member of the Silver Institute, and the Silver Institute does publish annual numbers, and these annual numbers show that the miners, globally, have produced 800 million ounces of silver in 2017, and the same report shows that there’s a billion ounces of consumption. So that tells me there’s a 200 million ounce deficit,” Neumeyer told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco. (show less)

Based on supply and demand fundamentals, there is currently a deficit in the silver market, said Keith Neumeyer, CEO of First Majestic Silver.
“First Majestic is a member of the Silver Institute, and the Silver Institute does publish annual numbers, and these annual numbers show that the miners, globally, have produced 800 million ounces of silver in 2017, and the same report shows that there’s a billion ounces of consumption. So that tells me there’s a 200 ... (read more)

Silver and Gold Summit 2018

Silver and Gold Summit 2018
The Silver and Gold Summit facilitates discussions and debates on precious metals trends, geopolitical risk and investment opportunities within the natural resource economy. Gathering the top thought leaders, CEO’s, investment professionals and retail investors from around the world, the Silver and Gold Summit provides an unmatched opportunity for investors to get a behind the scenes look at how to make money investing in the resource industry. Tremendous wealth will be created in this new resource bull market.

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