1000% Increase in SILVER Demand! Your GOLD & SILVER is About to Become Priceless - Keith Neumeyer

1000% Increase in SILVER Demand! Your GOLD & SILVER is About to Become Priceless - Keith Neumeyer

The global silver market is on pace to record a physical deficit in 2024 for the fourth consecutive year, with the growth of demand from the industry as the main driver, according to the latest Interim Silver Market Review from the Silver Institute.
According to investor trading platform Advantrade, silver prices have risen an average of 332% from bottom to top over the last three Fed rate cut cycles. This process can take about a year to two years. If the US economy enters a recession, which many experts expect to happen in the first half of 2025, silver will also have a strong performance.
Keith Neumeyer, CEO of First Majestic Silver, underscores the rising demand for silver in 2024 and strongly believes triple-digit silver prices will be possible in his lifetime. He states the mining ratio of 7:1 for gold to silver contrasts sharply with the current trading ratio. Kitco reports that analyst firm InvestingHaven is very bullish on the silver market. It expects prices to test all-time highs in 2025 and set new records in the next few years, even reaching as high as 77 dollars before 2028 and 82 dollars by 2030.
While analyzing the market, Neumeyer mentions a sharp decline in above-ground silver stocks, from 5 billion ounces to 1.2 billion ounces today. Regarding the silver market's future, Keith Neumeyer cautions that supply deficits will worsen with rising demand for nuclear energy, renewables, and EVs. He suggests that sustained triple-digit prices over a decade are essential to boost investment and expand supply, potentially driving prices higher. Silver prices in local markets increased by 2.4% during the past week's trading, while the ounce price on the global market rose by 1.1% as markets awaited the US Federal Reserve's decision to determine the fate of interest rates in this month's meeting, according to a report from Safe Haven Hub.
While highlighting the importance of historical ratios, Keith Neumeyer reaffirmed his belief in triple-digit silver prices. He mentions the 2011 silver peak at 50 dollars, which saw the gold-silver ratio drop to 36, compared to the current average of 70. Analysts predict that the Federal Reserve is still expected to cut interest rates two or three times in 2025, which is positive for precious metals. When interest rates fall, investors want to get out of certain investments and move into hard assets, and silver is one of those hard assets. Silver is still a valuable resource and has a very bright future with the Green Revolution.
While we can't know if we'll reach a 100 dollars per ounce silver price soon, Neumeyer believes that the metal is undervalued and that "ideal conditions are present for silver prices to rise " is supported. Furthermore, he points out that above-ground silver stocks have declined significantly, with 1.2 billion ounces held by LBMA, most of which is tied up in ETFs and unavailable for sale.

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