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%.
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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