FR:CC - Could the Silver Price Really Hit $100 per Ounce? (Updated 2024)

2024-05-21 16:55:00 ET

Will First Majestic Silver CEO’s silver price prediction of more than US$100 per ounce come true?

The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years, and the precious metal has repeatedly tested US$30 per ounce since.

Most recently, the silver price broke through the US$30 mark on May 17 and went on reach a nearly 12-year high of US$31.80 in the next trading session. On May 19, the silver price hit US$32.33 per ounce, which remains its highest point as of May 21.

Well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR ,NYSE:AG), has frequently said he believes the white metal could climb even further, to hit the US$100 mark or even reach as high as US$130 per ounce.

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