Demand from green technology manufacturers, precious metal investors, as well as hampered production due to COVID-19 mine suspensions are all aiding silver.
"I know the tightness of the market. It's only gonna get worse as we go green," said Keith Neumeyer, founder and CEO of First Majestic Silver (NYSE:AG, TSX:FR), who spoke to Kitco on Wednesday.
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.