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Tuesday, December 13, 2022 7:34:24 AM
I think the bigger impact for $50 silver on FF is going to be what it does for the buying power of First Majestic. This is going to give Keith and FM shareholders huge buying power moving forward. The FM share price is currently $8.86, imagine where it will go with $50 silver? It could triple or quadruple from where it is now IMO. Where will the share price go if as Keith advocates at some point a triple digit silver price? FM will literally be swimming in money.
The dollar is giong to top out probably in Q1 or Q2 of next year. That's going to fuel higher PM prices moving forward. IMO we may see one more move lower in PM prices before that happens.
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