Wednesday, 4 May 2011

Eric Sprott - “Sprott Has More Physical Silver Now Than Ever!”

"I can tell you we have the highest position in physical ownership that we’ve ever had, and we have not lost one ounce of our encouragement for the outlook for the silver price."

"We’ve been committed to silver and the fundamentals for silver and people’s interest in silver, so it would be massively incorrect to suggest we think silver has hit a high. We don’t think that at all, I’ve suggested it (silver) should trade at a ratio of one to sixteen to gold. Gold I am sure will be $1,600 not too long from now, and by implication that would suggest it (silver) could trade up to $100 and I’m not shying away from that."

Read more here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/3_Eric_Sprott_-_Sprott_Has_More_Physical_Silver_Now_Than_Ever!.html

- Eric Sprott via a King World News Interview