Silver Bullion: Industry Insider Sees Silver Prices Hitting $140

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This Could Send Silver Prices Soaring
When looking at silver bullion price forecasts, one prediction sticks out like a sore thumb. A Canadian miner called First Majestic Silver Corp (NYSE:AG) says the surge in smartphones and tablets is creating a shortage that could send silver prices up 775%.

Precious metals like silver are essential for electronics manufacturing. Demand for those metals has jumped in tandem with the spread of mobile devices, squeezing supply. Or at least that’s according to First Majestic CEO Keith Neumeyer.

Neumeyer says his firm was approached.

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