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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver price to hit triple-digit figures on supply and demand

Posted on 14 August 2013

The silver price will reach triple-digit figures in the long term buoyed by supply and demand, Mexico-focused miner First Majestic Silver CEO Keith Neumeyer said in a call to discuss Q2 financials. While it seems “ridiculous” to predict US$100/oz-plus prices when the current figure is close to US$21/oz, “I honestly believe that it’s going to occur,” Neumeyer said, with silver set to resume its upward trend.
All commodities “will revert to a supply and demand trend,” he told the call, and for silver the supply and demand outlook is “extremely good” with new uses continually being discovered………………………………………..Full Article: Source


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