Silver Price Rally Intensifies Amid Ukraine Tensions, Still Eyeing Triple Digits

Precious metal prices are being driven by a political event right now, says Keith Neumeyer, First Majestic Silver Corp. President and CEO. The supply and demand fundamentals of silver are enough to move the price upwards, he says to our Daniela Cambone at the 2022 GSA Investor Day event. “These bull markets last for a long time,” he says and further details that, “these [precious metal runs] usually go on for five to ten years.” First Majestic Silver Corp. is anticipating a 30% increase in production as a result of last year’s successful production, Neumeyer reports. “I think $2,100-$2,200 gold and $30 silver is very much in the cards [for 2022],” he concludes.

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