Keith Neumeyer, CEO of silver miner First Majestic, speaks with Daniela Cambone about the recent record settlement from JP Morgan regarding the spoofing of metal prices. The bank was forced to pay close to $1 billion in fees to resolve claims of market manipulation involving two of its trading desks- the largest sanction ever tied to the illegal practice known as spoofing.
Neumeyer also talks about the recent run-up in premiums on silver products, doubling down on his call for silver to see triple digits.
Keith Neumeyer is the president and CEO of First Majestic Silver, one of the largest primary silver mining companies in the world. He's also the founder and chairman of First Mining Finance. Both companies are traded on the Canadian and U.S. stock exchanges.