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The strong rally in precious metals was a bit of a surprise for First Majestic Silver (NYSE: AG) CEO Keith Neumeyer.
Neumeyer spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany. Neumeyer commented on gold rallying strongly in November.
“The move surprised me a little bit, because the economy is still doing quite well and interest rates really haven’t come down,” said Neumeyer.
“The metal that surprised me the most is silver. You’ve got oil at 80-plus dollars. You’ve got copper at $4-plus. You’ve got natural gas north of $5–look at all the grains. Everything’s been moving except silver,” said Neumeyer. “That’s the one that I think is going to play catch-up.”
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