Oct 13, 2021 Guest(s): James Anderson Chairman of Guanajuato Silver Company
The price of silver could possibly surge to $40 an ounce by mid 2022, James Anderson, CEO and Chairman of Guanajuato Silver Company predicts. But Silver has continued to underperform 2021 estimates, currently hovering at about $23 an ounce.
Anderson explained why he is so bullish on silver. "If we have a weak economy coupled with a drive towards needing and using more silver, you're going to have base metal mines shutting down that produce silver as by-product, just as an enormous demand for silver comes to the fore," he said. "In that environment, you could easily see silver go to the $40 price range. But it is more likely we will see silver at $30 before it hits $40. I can see it hitting $40 halfway through next year."