Silver price to hit ‘high ranges’ of triple digits; Not enough on planet to meet demands

Keith Neumeyer, CEO of First Majestic Silver, has previously called for the silver price to eventually hit triple digits. Now, he’s upgrading that forecast. “We have two new driving forces which are electric cars and solar panels. 

These technologies, these businesses, really didn’t exist for the most part a decade ago. Today, I’m even more committed. I’m thinking triple-digit silver…

I was always thinking in the low end of that triple digit. But now, I’m thinking it’s possible to get into the higher end of that range,”  Neumeyer told Michell Makori, editor-in-chief of Kitco News at the Denver Gold Forum.

- Source, Kitco News