First Majestic CEO sees $20 Silver by Year End

The video discusses the recent changes in the silver to gold ratio, highlighting that silver has outperformed gold in the near term. It explains the current mining and trading ratios, emphasizing that the current trading ratio of over 70 to one is unsustainable. The speaker predicts that by the end of the year, silver prices will be in the $20 range and gold around $1500, despite past prediction challenges. The discussion suggests a new bull phase in a cyclical market, with strong support for gold prices.

What does the speaker believe about the current phase of the market?

What is the expected gold price by the end of the year as mentioned in the text?