Has The Industrial Silver Panic Begun? Major Japanese Electronics Firm To Lock In Silver Supply From First Majestic, Citing Supply Concerns

stacked-silver-coinsAs regular readers know, we have long warned that the End Game for the banksters manipulation of the bond markets & interest rates via gold and silver manipulation will occur when industrial users of physical silver, namely the colossal electronics industry- sniff the first signs of a wholesale shortage of physical silver, and begin panic hoarding of silver to ensure continued production of their tech gadgets.
As First Majestic CEO Keith Neumeyer reveals in this stunning Bloomberg interview, that End Game industrial supply panic may have just begun…

For some of the lowest gold and silver prices in Singapore visit www.SilverAg.com.sg

Neumeyer reveals a major Japanese electronics firm has approached First Majestic to lock in physical silver, citing supply concerns:

A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.

“For an electronics manufacturer to come directly to us — that tells me something is changing in the market,” said Keith Neumeyer, chief executive officer of First Majestic, the top stock in Canada and among its global peers this year. “I think we’ll see three-digit silver,” he said, predicting the metal could surge to $140 an ounce by as early as 2019.

A reminder as to how critical the industrial side of the silver equation is:

‘Strategic Metal’

While long coveted for use in jewelry, coins and utensils, silver is increasingly in demand for its industrial applications. Last year, about half of global silver consumption came from such use, including mobile phones, flat-panel TVs, solar panels and alloys and solders, according to data compiled by GFMS for the Washington-based Silver Institute.

“Silver is not a precious metal, it’s a strategic metal,” Neumeyer said in an interview in Vancouver, where the company is based. “Silver is the most electrically conductive material on the planet other than gold, and gold is too expensive to use in circuit boards, solar panels, electric cars. As we electrify the planet, we require more and more silver. There’s no substitute for it.”

Credits and full article here.

Advertisements