Keith Neumeyer, founder and CEO of First Majestic Silver, would not be surprised to see 2020 silver production under $800 million ounces due to the pandemic. He's seen extreme demand for silver amid the pandemic.
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Keith shares his view of precious metals manipulation amid recent revelations of JPMorgan’s spoofing of gold and silver markets.
He also talks about the gold/silver ratio and explains why he believes it's out of wack. Currently, silver is coming out of the ground at an 8/1 ratio. He expects prices to ultimately reflect this mining ratio. "Ultimately, all markets will revert to a true supply/demand market.”
