(Kitco News) – Governments around the globe will proceed to print cash and hold rates of interest both unchanged or decrease, which might be bullish for the valuable metals, together with silver, this based on Keith Neumeyer, CEO of First Majestic Silver.
“I’ve been calling for triple-digit silver for just a few years now, and I’m extra enthused now however I’m cautiously enthused. I assumed it might have occurred earlier than it presently is occurring,” Neumeyer instructed Kitco Information on the sidelines of the Vancouver Useful resource Funding Convention.
An important issue influencing silver and metals costs is just not a lot headline market movers just like the commerce warfare, however slightly, the supply-demand fundamentals behind the metals, he stated.
“The headline stuff that we learn day by day, whether or not it’s Trump or China, these will transfer markets for positive, however it doesn’t transfer provide and demand. Provide and demand in the end strikes markets, and that’s what I care about,” he stated.
Neumeyer has taken the crown for the Kitco Mining CEO of the Year Award, barely main Eric Fier of SilverCrest Metals, one other silver producer.
“Silver buyers are positively passionate. I do know that simply from doing this for 18 years. Simply at this convention I’ve had dozens of folks come as much as me, thanking me and congratulating First Majestic, so it’s actually nice to see,” Neumeyer stated.
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