The silver price traded between about $15 and $18 per ounce in 2017, leaving some market watchers hoping for better price action in 2018.
Even so, investors remained interested in silver in 2017. Our most popular silver news stories of the year show that investors were keen to learn more from experts about what makes the white metal a compelling investment.
Keith Neumeyer, president and CEO of First Majestic Silver (TSX:FR,NYSE:AG), is known for his wild silver price predictions, having suggested in 2016 that the white metal could reach $1,000. In November, he lowered his price outlook, saying he sees it hitting $130. In this silver news story we delve into Neumeyer’s rationale, as well as what other industry professionals have to say about the future of silver.
Coming in as our second most popular silver news story is a video interview with Ed Steer, publisher of Ed Steer’s Gold and Silver Digest. In the interview, Steer goes into depth about why he believes silver prices are being kept down, pointing squarely at market manipulation by a select few.
If Steer is right and the market is being manipulated, what should investors do? Get in and stay, or stay out altogether? Steer gives his advice to investors and shares his prediction for the precious metal. Watch the video below for all the details:
At the Vancouver Resource Investment Conference in January, Brad Cooke, CEO of Endeavour Silver (TSX:EDR,NYSE:EXK), and Robert Archer, president and CEO of Great Panther Silver (TSX:GPR,NYSEAMERICAN:GPL), participated in a panel where they discussed their forecasts for precious metals in 2017. Were their predictions on point?
The panelists also discussed the cost of mining silver in Mexico. Many factors are in play, such as the Mexican currency and political friction as a result of US President Donald Trump. Both CEOs also touched on dividends and whether or not they are on the horizon for investors.
Mining giant Osisko Gold Royalties (TSX:OR,NYSE:OR) holds over 130 royalties, streams and offtake assets, but it wasn’t until this year that it added its first silver stream. As part of the deal, Osisko paid US$33 million to Taseko Mines (TSX:TKO,NYSEAMERICAN:TGB), a BC-based mining company.
In exchange, Osisko received a 75-percent share of payable silver production from Taseko’s Gibraltar mine until 5.9 million ounces are delivered. Gibraltar is expected to produce 200,000 ounces of silver per year, and also produces copper concentrate and molybdenum.
Last on our list of most popular silver news stories is a July interview with Maria Smirnova of Sprott Asset Management. Smirnova, a senior portfolio manager, shared her thoughts on the future of the silver market and detailed a strategy for selecting silver stocks. She also honed in on supply and demand.
What silver news stories caught your attention this year? Let us know in the comments below.
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Securities Disclosure: I, Amanda Kay, currently hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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