​​What’s Next for Silver? Real Reason Behind Silver's Price Manipulation, Deficit Outlook - Neumeyer

Jeremy 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]

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.

[@The_Octopus]

Mining ratio is definitely most important ratio, totally agree. Silver should be at $150/oz right now, but the price is being manipulated

[@osloreal7042]

Its manipulated by Banking Cartel BIS-MIF-FED money monopoly because the evil farmazonica desire CBDC token of nothingness.

[@phildurre9492]

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.

[@PadmamaliniRamanujapuram-le1tk]

Silver was legal tender along with gold and copper for 10,000 years.

[@Mr4autiger]

he knows. he is playing this latest angle to try and bring stability, new investment, into the mining space.

[@TIGERSDFW]

@@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]

@@TIGERSDFW 10,000 years is conservative number

[@davidlough3189]

Yes. Then what?

[@Jukebox1968]

@@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!! 😂😂😂😂

[@DionTolentino]

PEPENNEDY seems like a really interesting project)) I'm excited to see how they will shake up the market with their unique approach.

[@bobsilver3983]

Keith is the man!

[@timothyvandermeer9845]

Bruce Willis

[@reallycold3991]

Bruce Willis played the roll of Al Gore

[@sofhiesorfina5258]

Yup that's what I said too 🤭

[@user-dj2zv4qr4u]

Lol

[@ibji]

Forget the gold to silver ratio, lets look at the silver to Big Mac ratio

[@christopherf3918]

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

[@lewisboyd1480]

Military silver needs for ammo could be the reason for the manipulation.

[@madchops82]

They oughta raise it so they can’t make bombs.

[@osloreal7042]

Its still nothing how expensive are bombs comper to silver its the scrap metal price.

[@user-Old_Ben]

_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]

Don't forget the 500oz, of Ag, per US missile. No wonder the World military industrial complex wants to keep the price down!

[@lewisboyd1480]

And up to 11,000 ounces apiece used for the larger torpedo's.

[@fransnagel]

It's 500 grams

[@osloreal7042]

Those bustards war machine real price silver should be in a hundreds of dollars 250-500 why not?

[@user-Old_Ben]

@@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]

@@fransnagel -- that makes more sense ... that is about 16 troy ounces.

[@FreddieB-MA]

Great interview & news!!! Kitco is a very good company & teaches us So Much!!! All the Best, FreddieB (MA)

[@kaptaan_original]

Great symposium

[@kaptaan_original]

Solid interview

[@delmonicofarquhar9893]

Good interview. Meanwhile, the forces for higher silver prices are swirling.... "up" looks like the path of least resistance.

[@MrSymbolic7]

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]

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.

[@StockGenius152]

When will the stock perform?

[@ulfeliasson5413]

How are other metals trading when you compare mining ratio?

[@KeepOnTheRightPath]

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.

[@joostonline5146]

If the profits are so great for the company how come the stock price is at the bottom?

[@johngordon880]

How much Silver is left for physical deliveries on the Comex LBMA. When will they default.?

[@HelnoIaint]

Kieth is the head of the silver spear ! Banksters can’t hold it down much longer !

[@billhollywood3809]

Keith at what price can your company make MONEY

[@tonyt.5316]

Kieth is awesome 👏

[@kenmackenzie3803]

His stock sucks

[@leomarkaable1]

The ratio Mr Neumeyer mentions would be key to understanding the price. I cannot understand why his thinking is derided.

[@esioanniannaho5939]

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]

Newmont is going to crush next earnings call. Looking forward to the results $$

[@stevehalverson790]

Keith is as good of a silver advocate as we have. He seems beaten down to me. Hopefully miners recover soon.

[@NinaHarvey-wk7ei]

So why has price dropped massively today ?

[@SilverKingRnkabra]

Silver target in one week is 135000

[@ericmcdowell5762]

Is that in 'Japanese Yen' ?!?!?

[@agwillie2790]

If central banks actually held silver these days as they do gold, the price would be up by orders of magnitude.

[@pattyjones9961]

Im waiting for my FMS mining stocks to go!!!

[@notgunnadoit7461]

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.

[@brysona466]

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

[@arunsakalle]

WOW.... HAPPY AS FIRST VIEWING KUDOS...❤❤❤ DEAR ANCHOR..😊😊

[@AngelEyes-xm7el]

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]

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

[@richardkut3976]

Ratio of gold/silver mined is like a butchered cow. Lot more Rib Steak than hoof. Why is hoof so cheap?

[@richardallen503]

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 !

[@-SoulSimulation-]

Managed not Manipulated

[@donm2067]

Ah, got it. Just like how the news manages people's perspective ;)

[@Evom777]

Is that what the traders at Deutsch and JPMC got busted for.....managing and not spoofing?

[@normandolinic2044]

Until the civil wars start world wide.

[@daves3259]

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]

SiLvEr Is NoT rArE. not precious at all hahahaha

[@mariohostios]

👽 tech

[@risencreep]

BitR@t.

[@j.corona8118]

“Triple digit silver” Keith?

[@vincentmurphy9252]

Jamie Dimon gets assassinated silver goes up 8 that day

[@rippin724]

Title states real reason behind silver's price manipulation, and mentions nothing of it. We won't say it hhere...

[@johnman3946]

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]

To mine silver is more than your price. Are you serious?

[@ChuckDowl-lh1ir]

Keith is awesome Kitco SUCKS

[@Jukebox1968]

💯🎯🎯🎯🎯🎯🎯🎯🎯🎯🎯🎯💯🎯🎯🎯🎯🎯

[@Ambassador_Gkar]

Then why are you both here 🤨🤨

[@Jukebox1968]

@@Ambassador_Gkar to spread the word that you and Kitco both suck!! 😂😂😂

[@centurione6489]

The new Mexican president is an environmental scientist ... 'nuf said!

[@stephanvogt8038]

Those CEO's are plain lyer.

[@stephanvogt8038]

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.

[@farmermatt629]

Interviews with Keith are back I guess it’s time to sell my silver 😮

[@Gods_Patriot]

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

[@TIGERSDFW]

Ohh, silver, yes. Been listening to silver analysts for 10 years now

[@lepton31415]

and how many years have you been a troll?

[@TIGERSDFW]

@@lepton31415 are you insulting me ? No reason for that. I don't even know you

[@foumar5217]

Me too, wasn’t the best choice in my life😅

[@sweechen9762]

The whole point of manipulation is to fool as many people as possible. Congratulations on adding to the crowd.

[@PrinceofPain-wv1lo]

​@@lepton31415..Stop with this troll..B.S..

[@wawaldi]

Silver -waste,byproduct...

[@reallycold3991]

Canada's next PM will fast track resource sector investment...

[@cjoe1950]

...so says the silver seller.

[@jimmillward3505]

so what ?? would you buy food from a restaurant who were not enthusiastic about their own food,

[@lepton31415]

stick with US dollars. good luck

[@cjoe1950]

@@jimmillward3505 If i'm gullible, yes.

[@Mr4autiger]

@@cjoe1950 ok PAul lol

[@Mr4autiger]

@@cjoe1950 ok PAul lolol

[@rumcoke9123]

one of the worst mining CEOs ever. He got taken to the cleaners by Eric Sprott.

[@fransnagel]

ok, so as soon as it hits 50 dollars trade it in for gold, because that's it.

[@KeepOnTheRightPath]

Jarrod Canyon is an albatross around the neck of FM.

[@Jukebox1968]

Keith BOZO “I mean Newmeyer!! 🤪🤪🤪

[@gipsytree]

First majestic is a horrible company & Keith is a fraud 🐍

[@TgevrekLatin]

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. 😛😂

[@ethiopiafishingadventures.8166]

Soon back to $22 silver... mark my words

[@bobsilver3983]

if the stock market crashes, silver could go to $11 like in 2020...physical would still be $25 though

[@UnspokenWords2010]

Not possible lowest it can get from here is $25

[@KeepOnTheRightPath]

Bitcoin troll detected

[@vooteimer1234]

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]

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]

@@vanevans645 exception proves the rule. I doubt you milk-drinking polygamists use silver as tender when you buy gas

[@vooteimer1234]

@@vanevans645 they keep deleting my replies

[@danzwiren1492]

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]

Since 2011... ​@@vanevans645

[@PrinceofPain-wv1lo]

Keith is a corrupt hack

[@Mr4autiger]

ok Joe lolol

[@bobsilver3983]

no he is not

[@PrinceofPain-wv1lo]

@@bobsilver3983 .Is this his mother

[@Mr4autiger]

@@PrinceofPain-wv1lo you are a paid troll, and a professional pizza delivery driver. True story.

[@PrinceofPain-wv1lo]

@Mr4autiger Keep it moving..This doesn't concern you

[@user-ch9pz1uq9v]

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]

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]

People barter with them everyday. But you stick to your fiat dollars that are losing value by the second. Better you than me.

[@Deepforestdweller]

I use it all the time. I know, computer code is really valuable.

[@70Eldo]

Banks are now accepting Gold and Silver as legal tender in 25 states...... wonder why that is? 😉

[@Mr4autiger]

exceptionally remedial take, on multiple different levels.

[@gumed85]

Thanks GOD I sold all my silver for BTC .

[@gumed85]

@@Rob-ou1py sold SLV. Bought Btc

[@Evom777]

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]

people do dumb things, true

[@bigdogs-29]

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]

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