Silver Supply Shortages! 50% Of Silver Production Went Offline, Mining News Keith Neumeyer (Video)
Silver Supply Shortages! 50% Of Silver Production Went Offline, Mining News Keith Neumeyer Video by Silver Report
Keith Neumeyer from First Majestic Silver https://www.firstmajestic.com First Majestic is one of the largest silver mining companies in the world based mainly in Mexico. The name of the game for 2020 is shortages as production has been seriously hampered after 50% of silver mines went offline for much of the year and it takes a long time to close a mine down meaning they won’t be back up to full production at least until July. Silver is an industrial metal and this means the continuous silver deficit will have even more strains.
We also discuss the direction of the economy from all the excess money printing that seems to be the main theme of this economic collapse. We also discuss the recent drop in stock prices and when will the big move in silver be heading our way. disclosure: I am invested in first majestic silver stock symbol AG and I have been previous to this interview. We also dig in to find out what happens to silver miners when silver crosses $20 an ounce. Silver miners are a volatile market but in precious metals bull markets the returns can be very extreme extensions of the price of gold and silver so I’m hanging on while the price is low.