Silver to $125 as this sector drives demand, Elon Musk could buy a silver mine

Keith Neumeyer, the President and CEO of First Majestic Silver (NYSE: AG; TSX: FR), predicts that car companies are considering purchasing silver mines, as industries continue to integrate vertically. Neumeyer is confident that the rising industrial demand will send silver prices to triple digits. In a discussion with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Neumeyer talked about First Majestic's mining operations, bullion sales, and the impact of inflation on the silver industry. He also expressed optimism about the future of gold in 2023.

0:00 - Automakers and mining
6:26 - Supply crunch in silver
8:10 - Elon Musk buying silver
10:30 - M&A activity
12:49 - Silver price in 2022
15:47 - Silver consortium
17:46 - Inflation
21:13 - Gold price forecast
23:50 - Silver price forecast
26:46 - Central banks and silver
28:30 - First Majestic Silver
37:58 - FMS Bullion
40:00 - Russia-Ukraine conflict

#silver #tesla #gold
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