Silver Supply Gap Still Not Fixed Even With Price Above $30

Last week at the Rule Symposium I sat down with First Majestic Silver CEO Keith Neumeyer, who talked about the growing gap in the silver supply, and why even the recent rally to above $30 per ounce still hasn't come close to fixing the problem.

Keith talks about how the silver supply has been flat in recent years, while we've seen industrial demand growth accelerate, largely in response to the silver required for solar panels and EVs. And how given the size and magnitude of the deficit, we're still looking at a significantly higher silver price to even have a chance of meeting the gap.

He also provides an update regarding the petition he was part of to have silver listed as a critical mineral by the Canadian government, and also whether we may see the United States recognize silver as a critical mineral.

Keith also provides an update on First Majestic's costs, their mint, and the resolution of the water issues at La Encantada.

So to find out more, click to watch the video now!

Arcadia Economics

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