The Prospector News

Weak economy, contracting production plus strong demand could push silver price to $40 by mid-2022 Says GSilver CEO James Anderson (Video)

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Weak economy, contracting production plus strong demand could push silver price to $40 by mid-2022 Says GSilver CEO James Anderson (Video)

 

 

 

 

The price of silver could possibly surge to $40 an ounce by mid 2022, James Anderson, CEO and Chairman of Guanajuato Silver Company predicts. But Silver has continued to underperform 2021 estimates, currently hovering at about $23 an ounce.

 

Anderson explained why he is so bullish on silver. “If we have a weak economy coupled with a drive towards needing and using more silver, you’re going to have base metal mines shutting down that produce silver as by-product, just as an enormous demand for silver comes to the fore,” he said. “In that environment, you could easily see silver go to the $40 price range. But it is more likely we will see silver at $30 before it hits $40. I can see it hitting $40 halfway through next year.”

 

Anderson, who is also a 20 year veteran of the financial services industry, spoke to Michelle Makori Lead Anchor and Editor-In-Chief of Kitco News. Guanajuato Silver Company (GSilver) is a Canadian based mining development company engaged in reactivating past producing silver and gold mines near Guanajuato, Mexico.

 

Courtesy of Kitco News

Posted October 14, 2021

Share this news article

MORE or "UNCATEGORIZED"


Arizona Silver Extends High Grade Zone at Philadelphia Project

Drills 2.26 Metres at 11.81 gpt Gold And 39.31 gpt Silver within ... READ MORE

May 25, 2022

LAURION Intersects 6.72m True Width* at 0.62 g/t Au and 3.05% Zn as part of a 65m thick mineralized zone in the Newly Opened Area SW Extension of the A-Zone at Ishkoday Au-Zn-Cu-Ag Project

LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) is ... READ MORE

May 25, 2022

DRILLING DEFINES SECOND GOLD ZONE ALONG 1.4 KM VEIN STRUCTURE AT ASTRA'S PAMPA PACIENCIA PROJECT, CHILE

Astra Exploration Inc. (TSX-V: ASTR) is pleased to provide result... READ MORE

May 25, 2022

Osisko Windfall Drilling Intercepts High-Grade in Multiple Lynx Zones

Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE

May 25, 2022

Integra Intersects Record Silver Grade at DeLamar: 9.85 g/t AuEq Over 26.97 m, Including 80.40 g/t Au and 14,054 g/t Ag (261.28 g/t AuEq) Over 0.40 m in Potential New, High-Grade Structural Zone at Sullivan Gulch

Drill results from Sullivan Gulch (located on the eastern portion... READ MORE

May 25, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News