(Kitco News) – Silver faces severe provide constraints, and though most individuals might not notice, it’s a very uncommon metallic that must be buying and selling within the triple digits in value, this based on Keith Neumeyer, CEO of First Majestic Silver.
“We’re mining eight to 1, so for each one ounce of gold that’s being mined worldwide, we’re solely mining eight ounces of silver. Silver is extraordinarily uncommon and other people don’t get it,” Neumeyer advised Kitco Information on the sidelines of the Denver Gold Discussion board. “Individuals assume silver is in abundance, however it’s not.”
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