zondag 26 juli 2015

First Majestic Silver Slashes Premiums

Looks like First Majestic Silver is finally giving in on lower silver prices and just slashed its silver bullion sales price from $20/ounce to $17.5/ounce. This tells me that silver sales aren't as strong as the media is telling us.

Premiums have fallen from 35% to 20%.


As you can see below, First Majestic Silver expects that silver prices will stay around the $15/ounce level.

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