Nov 02, 2018 Guest(s): Keith Neumeyer CEO, First Majestic
Based on supply and demand fundamentals, there is currently a deficit in the silver market, said Keith Neumeyer, CEO of First Majestic Silver.
"First Majestic is a member of the Silver Institute, and the Silver Institute does publish annual numbers, and these annual numbers show that the miners, globally, have produced 800 million ounces of silver in 2017, and the same report shows that there's a billion ounces of consumption. So that tells me there's a 200 million ounce deficit," Neumeyer told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco.