Silver Market Distortions & Secrecy Exposed | Keith Neumeyer

In this interview, Keith Neumeyer, CEO of First Majestic Silver (https://www.firstmajestic.com) highlights the secrecy and distortions within the global silver industry, pointing to the staggering fact that over two billion ounces of paper silver trade daily, while only around 830 million ounces are mined each year. He explains that First Majestic is actively pushing back by expanding its own mint, aiming to divert at least 10% of its production directly to investors by the end of 2025, bypassing the bullion banking system. Neumeyer discusses the company’s recent $970 million acquisition of the Los Gatos mine, which boosts their 2025 production guidance to 30–32 million silver-equivalent ounces. He acknowledges past challenges, such as the shutdown of the Jarrett Canyon mine, but emphasizes that First Majestic now holds its strongest balance sheet ever and continues to grow production. For new investors, he positions the company as one of the purest silver producers in the world, offering exposure to a sector poised for renewed interest as capital shifts away from inflated tech stocks.
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INTERVIEW TIMELINE:
0:00 Intro
1:00 First Majestic update
6:00 Silver manipulation
11:54 Investing in First Majestic

Source: https://www.youtube.com/watch?v=HeEHTzw0tSM