What’s Next for Silver? Real Reason Behind Silver's Price Manipulation, Deficit Outlook - Neumeyer
Рет қаралды 45,027
Күн бұрынJeremy Szafron, Anchor at Kitco News, interviews Keith Neumeyer, CEO of First Majestic Silver, at the Rick Rule Symposium in Boca Raton. Neumeyer discusses the critical industrial importance of silver in applications like electronics and solar panels, and he explains the reasons behind its price manipulation by major trading desks. He highlights the alarming 240 million ounce deficit in the silver market and how this imbalance could drive prices higher. Neumeyer also addresses the absence of institutional investors in the silver market and their potential impact if they become involved. Additionally, he shares his bullish outlook on silver reaching triple-digit prices, the significance of the mining ratio of silver to gold, and his optimism about the new administration in Mexico's mining policies. Lastly, Neumeyer predicts a major bull market in commodities, led by gold and followed by silver.
Coverage of the Rick Rule Symposium 2024 is sponsored by G Mining Ventures (gmin.gold/en-US)
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
Follow Keith Neumeyer on Twitter: @keith_neumeyer ( / keith_neumeyer )
Follow First Majestic Silver on Twitter: @FMSilverCorp ( / fmsilvercorp )
00:00 - Introduction
01:00 - Silver's Industrial Importance
02:30 - Price Manipulation Explained
04:00 - Silver Market Deficit
05:30 - Institutional Investors' Absence
07:00 - Predictions for Silver Prices
08:30 - Silver vs. Gold Mining Ratio
10:00 - Mexican Mining Policies
11:30 - Bull Market in Commodities
12:30 - Closing
#SilverMarket #KeithNeumeyer #FirstMajesticSilver #SilverPrices #PreciousMetals #InvestingInSilver #MarketManipulation #SilverDeficit #InvestmentOpportunities #MiningStocks #BullMarket #GoldVsSilver #CommodityInvesting #EconomicInsights #KitcoNews
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@ulexite-tv 17 күн бұрын
Keith Neumeyer is a calm voice in an often hyped up investment space reiterating that there is no reason that $30.00 should be a limit for silver -- not when a fast-food lunch costs $15.00.
@PadmamaliniRamanujapuram-le1tk 17 күн бұрын
Silver was legal tender along with gold and copper for 10,000 years.
@Mr4autiger 17 күн бұрын
he knows. he is playing this latest angle to try and bring stability, new investment, into the mining space.
@TIGERSDFW 17 күн бұрын
@@PadmamaliniRamanujapuram-le1tk not sure about 10,000 years. Been reading from. "Curse of jeckyl island". Looks like silver and gold have been legal tender , off and on for about 3,000 years. Remember the "Talley stick" or the fiat mongol currency, under the khans
@briangranger1741 17 күн бұрын
@@TIGERSDFW 10,000 years is conservative number
@davidlough3189 17 күн бұрын
Yes. Then what?
@Jukebox1968 17 күн бұрын
@@briangranger1741 two times in history Shitver was a little more than worthless!! January 1, 1980 $39.95. April 25, 2011 $49.80. The other 5 1/2 billion years useless as 💩no more than a shiny door stop!! 😂😂😂😂
@The_Octopus 17 күн бұрын
Mining ratio is definitely most important ratio, totally agree. Silver should be at $150/oz right now, but the price is being manipulated
@osloreal7042 15 күн бұрын
Its manipulated by Banking Cartel BIS-MIF-FED money monopoly because the evil farmazonica desire CBDC token of nothingness.
@phildurre9492 15 күн бұрын
why would mining ratio matter at all? There is almost no mining for shit, yet you can get cowpoo for almost free, because noone wants it.
@timothyvandermeer9845 17 күн бұрын
Bruce Willis
@reallycold3991 17 күн бұрын
Bruce Willis played the roll of Al Gore
@sofhiesorfina5258 17 күн бұрын
Yup that's what I said too 🤭
@user-dj2zv4qr4u 16 күн бұрын
Lol
@DionTolentino 17 күн бұрын
PEPENNEDY seems like a really interesting project)) I'm excited to see how they will shake up the market with their unique approach.
@ibji 16 күн бұрын
Forget the gold to silver ratio, lets look at the silver to Big Mac ratio
@christopherf3918 15 күн бұрын
Big Mac filet of fish qtr pounder French fries icy coke thick shake Sundaes and apple pie. You deserve a break today , so get up this morning and get away. At McDonald’s
@bobsilver3983 17 күн бұрын
Keith is the man!
@lewisboyd1480 17 күн бұрын
Military silver needs for ammo could be the reason for the manipulation.
@madchops82 16 күн бұрын
They oughta raise it so they can’t make bombs.
@osloreal7042 15 күн бұрын
Its still nothing how expensive are bombs comper to silver its the scrap metal price.
@user-Old_Ben 15 күн бұрын
_ammo?_ OK, to me that is more copper or lead. Guided missiles and other _advanced weaponry_ - yes those use lots of silver. So does solar panels and as the guy indicated Reactors/Power Plants (modern) and do so hybrid or electric cars.
@Ambassador_Gkar 17 күн бұрын
Don't forget the 500oz, of Ag, per US missile. No wonder the World military industrial complex wants to keep the price down!
@lewisboyd1480 17 күн бұрын
And up to 11,000 ounces apiece used for the larger torpedo's.
@fransnagel 16 күн бұрын
It's 500 grams
@osloreal7042 15 күн бұрын
Those bustards war machine real price silver should be in a hundreds of dollars 250-500 why not?
@user-Old_Ben 15 күн бұрын
@@lewisboyd1480 -- bro, that is 754lbs of silver. Why would any Navy use that much silver in any single munition? Silver bullets could be cheaper by the dozen.
@user-Old_Ben 15 күн бұрын
@@fransnagel -- that makes more sense ... that is about 16 troy ounces.
@delmonicofarquhar9893 14 күн бұрын
Good interview. Meanwhile, the forces for higher silver prices are swirling.... "up" looks like the path of least resistance.
@MrSymbolic7 17 күн бұрын
Just finished cleaning up after Hurricane Beryl , Brazoria County is a complete Disaster Area and had a 93.5 power outage County wide ! Now trying to catch up on the daily manipulation agenda !
@AngelEyes-xm7el 14 күн бұрын
I hope you have a generator. 🙏 i ran a line across to the 89 year old couple. They had no one. There smile was priceless. Out of all the neighbors, i found it upsetting that others said" there old who cares." How low has society gone down? I will always care.
@KeepOnTheRightPath 16 күн бұрын
The problem with silver is that it is mostly a by-product of zinc/lead/copper/gold mining and not a determining factor of project economics in a lot of cases. This is one reason the price is low. Having said that, as demand increases, the silver miners will start to play a critical role in the supply but repricing silver to make silver mines economic will be needed. Why do you think China is gobbling up silver at an alarming rate? They use silver in manufacturing. Their economy would crash without it and so they are picking it all up at a discount. The west can't use it like China bcs the west gave away their manufacturing sector over the past 25 years. Western folk would do well buying silver as a form of wealth given it's price will rise over time due to future shortages.
@kaptaan_original 15 күн бұрын
Great symposium
@FreddieB-MA 16 күн бұрын
Great interview & news!!! Kitco is a very good company & teaches us So Much!!! All the Best, FreddieB (MA)
@kaptaan_original 15 күн бұрын
Solid interview
@tonyt.5316 17 күн бұрын
Kieth is awesome 👏
@kenmackenzie3803 17 күн бұрын
His stock sucks
@joostonline5146 17 күн бұрын
If the profits are so great for the company how come the stock price is at the bottom?
@StockGenius152 16 күн бұрын
When will the stock perform?
@ulfeliasson5413 13 күн бұрын
How are other metals trading when you compare mining ratio?
@HelnoIaint 17 күн бұрын
Kieth is the head of the silver spear ! Banksters can’t hold it down much longer !
@billhollywood3809 17 күн бұрын
Keith at what price can your company make MONEY
@leomarkaable1 16 күн бұрын
The ratio Mr Neumeyer mentions would be key to understanding the price. I cannot understand why his thinking is derided.
@johngordon880 15 күн бұрын
How much Silver is left for physical deliveries on the Comex LBMA. When will they default.?
@stevehalverson790 15 күн бұрын
Keith is as good of a silver advocate as we have. He seems beaten down to me. Hopefully miners recover soon.
@notgunnadoit7461 11 күн бұрын
I'm really curious if over time we look back and see this "silver deficit" Is there really one? Also so many uses for silver and the products we make with silver are in huge demand rockets, space, medical, solar or power generation, EVs. Als I don't know of any new silver mines or cheaper process to produce silver. Not to mention this coming collapse in fiat across the globe. Sooo much printing and inflation. Also the loss of faith in the dollar is coming. Hmm Just a very long play being in silver.
@esioanniannaho5939 17 күн бұрын
I expect that there will be a last minute dash by BRICS into PMs in August before the Shanghai meeting of finance ministers in September when they detail the BRICS Unit which will be backed up by PMs. H1 earnings come out from 25th of July to week 2 of August. Being cautious the will wait for confirmation before following Sam Duncan Miller pivot from Tech into Newmont etc. patience!
@mattc6457 15 күн бұрын
Newmont is going to crush next earnings call. Looking forward to the results $$
@NinaHarvey-wk7ei 15 күн бұрын
So why has price dropped massively today ?
@SilverKingRnkabra 17 күн бұрын
Silver target in one week is 135000
@ericmcdowell5762 16 күн бұрын
Is that in 'Japanese Yen' ?!?!?
@agwillie2790 15 күн бұрын
If central banks actually held silver these days as they do gold, the price would be up by orders of magnitude.
@AngelEyes-xm7el 14 күн бұрын
My ex stole my stack I saved using coupons back in the 1980's when my kids were small to give them when they were saving to get a house or married. He bought a 50k motor home and a brand new Harley. Restocking. My grown kids know, they said" We had an idea that he stole it from us" karma
@888strummer 17 күн бұрын
Silver is both a hedge against the US dollar and an industrial metal. But Wall Street does not see silver this way even if they should. And so silver is ONLY at it's best when the US economy and the US dollar are at their weakest. Wall Street is clueless and ONLY sees silver as a hedge against the dollar and the US economy and so for now; this is really the only reason to invest in silver
@brysona466 17 күн бұрын
Cost of Mining Seems to be Why the 9.to.1 Mining Ratio Doesn't Influence Price Ratio ... SRSRoccos' Steve St Angelo Covers This. I Am Not Convinced Neumeyer Is Unfamiliar w/ this View
@pattyjones9961 14 күн бұрын
Im waiting for my FMS mining stocks to go!!!
@richardallen503 15 күн бұрын
Silver , no one other than stackers really want the price higher ,everything would have to go up in price, China probably the biggest user don’t want high prices think how much solar panels would cost , military uses in missiles, talking about it won’t change it , the metal they consider for value is gold !
@rippin724 13 күн бұрын
Title states real reason behind silver's price manipulation, and mentions nothing of it. We won't say it hhere...
@richardkut3976 17 күн бұрын
Ratio of gold/silver mined is like a butchered cow. Lot more Rib Steak than hoof. Why is hoof so cheap?
@daves3259 17 күн бұрын
Silver is not rare. If silver miners want to see the price increase to $50/oz then they should curtail supply. Every time I watch a Kitco interview ramping silver, makes me think I should sell!
@KeepOnTheRightPath 16 күн бұрын
SiLvEr Is NoT rArE. not precious at all hahahaha
@-SoulSimulation- 17 күн бұрын
Managed not Manipulated
@donm2067 17 күн бұрын
Ah, got it. Just like how the news manages people's perspective ;)
@Evom777 17 күн бұрын
Is that what the traders at Deutsch and JPMC got busted for.....managing and not spoofing?
@normandolinic2044 17 күн бұрын
Until the civil wars start world wide.
@ChuckDowl-lh1ir 17 күн бұрын
Keith is awesome Kitco SUCKS
@Jukebox1968 17 күн бұрын
💯🎯🎯🎯🎯🎯🎯🎯🎯🎯🎯🎯💯🎯🎯🎯🎯🎯
@Ambassador_Gkar 17 күн бұрын
Then why are you both here 🤨🤨
@Jukebox1968 17 күн бұрын
@@Ambassador_Gkar to spread the word that you and Kitco both suck!! 😂😂😂
@j.corona8118 15 күн бұрын
“Triple digit silver” Keith?
@johnman3946 15 күн бұрын
Silver is not manipulated just over pumped there’s only 1 reason it’s overpriced at $30 is because asic cost only $12-17
@user-oc3cd7gm1c 13 күн бұрын
To mine silver is more than your price. Are you serious?
@stephanvogt8038 12 күн бұрын
Those CEO's are plain lyer.
@vincentmurphy9252 14 күн бұрын
Jamie Dimon gets assassinated silver goes up 8 that day
@mariohostios 17 күн бұрын
👽 tech
@farmermatt629 17 күн бұрын
Interviews with Keith are back I guess it’s time to sell my silver 😮
@Gods_Patriot 15 күн бұрын
Silver & Gold is Gods money. Silver an industrial commodity? Yeah, its the number one metal for electrical conduction. It has anti bacterial healing affects, etc. That makes it even more valuable beyond the fact that its Gods money! 10 to 1 gold silver ratio is whats correct yet its been manipulated to what, 86-1? Absolute lunacy
@reallycold3991 17 күн бұрын
Canada's next PM will fast track resource sector investment...
@TIGERSDFW 17 күн бұрын
Ohh, silver, yes. Been listening to silver analysts for 10 years now
@lepton31415 17 күн бұрын
and how many years have you been a troll?
@TIGERSDFW 17 күн бұрын
@@lepton31415 are you insulting me ? No reason for that. I don't even know you
@foumar5217 17 күн бұрын
Me too, wasn’t the best choice in my life😅
@sweechen9762 17 күн бұрын
The whole point of manipulation is to fool as many people as possible. Congratulations on adding to the crowd.
@PrinceofPain-wv1lo 17 күн бұрын
@@lepton31415..Stop with this troll..B.S..
@stephanvogt8038 12 күн бұрын
They work in their own pocket.Especially the canadian miner. That they appear at discussions and in the TV, shows me, they have lost all moral behaviour.
@centurione6489 15 күн бұрын
The new Mexican president is an environmental scientist ... 'nuf said!
@risencreep 17 күн бұрын
BitR@t.
@arunsakalle 17 күн бұрын
WOW.... HAPPY AS FIRST VIEWING KUDOS...❤❤❤ DEAR ANCHOR..😊😊
@rumcoke9123 16 күн бұрын
one of the worst mining CEOs ever. He got taken to the cleaners by Eric Sprott.
@wawaldi 17 күн бұрын
Silver -waste,byproduct...
@fransnagel 16 күн бұрын
ok, so as soon as it hits 50 dollars trade it in for gold, because that's it.
@cjoe1950 17 күн бұрын
...so says the silver seller.
@jimmillward3505 17 күн бұрын
so what ?? would you buy food from a restaurant who were not enthusiastic about their own food,
@lepton31415 17 күн бұрын
stick with US dollars. good luck
@cjoe1950 17 күн бұрын
@@jimmillward3505 If i'm gullible, yes.
@Mr4autiger 17 күн бұрын
@@cjoe1950 ok PAul lol
@Mr4autiger 16 күн бұрын
@@cjoe1950 ok PAul lolol
@KeepOnTheRightPath 16 күн бұрын
Jarrod Canyon is an albatross around the neck of FM.
@gipsytree 15 күн бұрын
First majestic is a horrible company & Keith is a fraud 🐍
@TgevrekLatin 17 күн бұрын
Poor silverbugs I have been listening to them whine and cry about the manipulation for years and silver price is depressed. This time around Keith is sober that’s a nice change. 😛😂
@Jukebox1968 17 күн бұрын
Keith BOZO “I mean Newmeyer!! 🤪🤪🤪
@vooteimer1234 17 күн бұрын
Nobody is presently using silver as money, so why did you say that? Talking about silver endlessly is no different than talking about corn endlessly. It's a friggin commodity that goes up slightly, then goes down slightly blah blah
@vanevans645 17 күн бұрын
Silver is legal tender in Utah. And we do not pay sales tax to buy it. And the state treasurer stores silver and gold. My brother pays his workers in silver. We are already beginning to trade in silver. Your "Nobody" is about to change.
@vooteimer1234 17 күн бұрын
@@vanevans645 exception proves the rule. I doubt you milk-drinking polygamists use silver as tender when you buy gas
@vooteimer1234 17 күн бұрын
@@vanevans645 they keep deleting my replies
@danzwiren1492 17 күн бұрын
very true. Silver has done jack over the past 4.5 years. We should have experienced the likes of price appreciation that would be talked about for decades. Instead we get the promoters
@LifeAsDane 17 күн бұрын
Since 2011... @@vanevans645
@PrinceofPain-wv1lo 17 күн бұрын
Keith is a corrupt hack
@Mr4autiger 17 күн бұрын
ok Joe lolol
@bobsilver3983 17 күн бұрын
no he is not
@PrinceofPain-wv1lo 17 күн бұрын
@@bobsilver3983 .Is this his mother
@Mr4autiger 17 күн бұрын
@@PrinceofPain-wv1lo you are a paid troll, and a professional pizza delivery driver. True story.
@PrinceofPain-wv1lo 17 күн бұрын
@Mr4autiger Keep it moving..This doesn't concern you
@ethiopiafishingadventures.8166 17 күн бұрын
Soon back to $22 silver... mark my words
@bobsilver3983 17 күн бұрын
if the stock market crashes, silver could go to $11 like in 2020...physical would still be $25 though
@UnspokenWords2010 17 күн бұрын
Not possible lowest it can get from here is $25
@KeepOnTheRightPath 16 күн бұрын
Bitcoin troll detected
@user-ch9pz1uq9v 17 күн бұрын
Gold and silver are absolutely useless for 95% or more of the population. You can’t use it to buy anything at all. Zero. You can only sell it back to the extremely controlled system you buy it from. The fact the you said that you can’t believe that retail and institutional investors are not as interested as you want them to astonishes me. It’s been this way ever since gold and silver was taken out of the monetary system.
@DaveEPie 17 күн бұрын
Not my experience at all- I can liquidate gold and silver within hours or even minutes. In the US . Not sure what your experience is
@Evom777 17 күн бұрын
People barter with them everyday. But you stick to your fiat dollars that are losing value by the second. Better you than me.
@Deepforestdweller 17 күн бұрын
I use it all the time. I know, computer code is really valuable.
@70Eldo 17 күн бұрын
Banks are now accepting Gold and Silver as legal tender in 25 states...... wonder why that is? 😉
@Mr4autiger 17 күн бұрын
exceptionally remedial take, on multiple different levels.
@gumed85 17 күн бұрын
Thanks GOD I sold all my silver for BTC .
@gumed85 17 күн бұрын
@@Rob-ou1py sold SLV. Bought Btc
@Evom777 17 күн бұрын
One is going up and has actual utility. One is sinking and has no utility......despite the hype, the thousands of bots pumping it, the celeb endorsements and daily coverage from the financial networks. Everything going for it and it's stuck on stagnant. Keep it.
@KeepOnTheRightPath 16 күн бұрын
people do dumb things, true
@bigdogs-29 16 күн бұрын
Ahhhh. I never heard of the REALITY of a MINING RATIO. Omg. That makes so much sense. 9 to 1 ratio. Wow. For me, that SOLIDIFIES the proof of manipulation of our metals. StackOn.
@jayalvaro-vm7nd 7 күн бұрын
This guy owes tons of cash taxes to the Mexican government id think he has paid not a good source for sure someone that doesn’t pay up
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