"We don't control the price of the product we produce, which is a major flaw in the system," this is according to Keith Neumeyer, CEO of silver producer First Majestic Silver.
The silver mining head got candid with our Daniela Cambone about the ongoing price manipulation he feels the industry faces.
"There are only two solutions: the investor has to buy physical metal and take metal off the market. Or the only other solution is that regulators step in and tell banks they cannot sell unlimited amounts of paper, there has to be some physical backing," he said.
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.