- Read the full article here:
Thursday, December 22, 2011
Sprott's Call for Silver Producers to Hold Back Metal Strikes Chord
Sprott says he has had some positive responses to his letter from major producers. "I know it's under consideration by a lot of people," he said.
"I think the price should already be substantially higher," Sprott said. "The trade should be 16:1 gold:silver ratio. That implies that at $1,600/oz gold, silver should be $100/oz. At $3,200/oz gold, silver should be $200/oz. The outlook for gold is phenomenal and silver is going to go up even faster. That is why I think that this next decade will be the decade for silver," Sprott predicted.
