"I wouldn’t be surprised if a major consumer of silver struggles to produce their product," says Keith Neumeyer, CEO of First Majestic. In this exclusive interview with Daniela Cambone at this year's PDAC in Toronto, he discusses how banks and large financial institutions dominate the silver market through paper trading. To maintain control, they see retail investors as a threat and attempt to discourage their participation through media and other tactics, fueling silver squeeze dynamics. Watch the interview to find out what this means for the silver industry.
00:00 Tariffs 2:14 Tariffs on silver/gold 4:14 First Majestic updates 5:33 Pure silver strategy 6:27 M&A activities in silver industry 7:49 Q4 results 8:48 Silver industry 11:00 Silver price 13:55 Silver squeeze 18:56 JP Morgan buying silver 👋 STAY IN TOUCH WITH ITM & DANIELA
For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.