Youtor
100 silver price target Keith Neumeyer challenges market surplus data
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http://youtube.com/watch?v=LXii1BJoupU
Silver is a strategic metal, and with mounting industrial demand it’s only a matter of time before previous all-time highs are met, and then a new push to triple digits is on the way, said Keith Neumeyer, CEO of First Majestic Silver. • “Silver is the only commodity that is not reaching its [historic] highs, and it has reached [those highs] on two separate occasions, back in 1980 and 2011. I think we’re going to see that high breached in the cycle, and when it does, it’s going to wake up the market. Once it breaks through the $50 level, I think that it’s going to get up to the $100 level pretty quickly,” Neumeyer told David Lin, anchor for Kitco News. • On the data released by the Silver Institute that reported that 2020 saw the biggest surplus in the silver market on record, Neumeyer challenged the collection methodology. • “I think these numbers are made up,” he said. “I wouldn’t trust them at all.” • 0:00 - First Majestic Silver: company news performance • 5:18 - Silver price performance • 8:45 - Triple-digit silver price • 12:33 - Silver Institute supply/demand data • 19:14 - Silver deficit and price • 22:29 - How much silver to buy to move price? • 24:09 - Shortage of silver physical bars and coins • __________________________________________________________________ • Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. • Subscribe to our channel to stay up to date on the latest insights moving the metals markets. • For more breaking news, visit http://www.kitco.com/ • Follow us on social media: • Facebook - https://www.facebook.com/KitcoNews/?r... • Twitter - / kitconewsnow • StockTwits - https://stocktwits.com/kitconews • Live gold price and charts: http://www.kitco.com/gold-price-today... • Live silver price and charts: http://www.kitco.com/silver-price-tod... • Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories videos of the week: https://connect.kitco.com/subscriptio... • Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ • • Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
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