Billionaire Eric Sprott, the chairman of Sprott Asset Management, sees silver prices climbing to $100 and $200 this year and warns investors are buying 50 times more silver than the precious yellow metal, which he says is an impossible trend to sustain.
Speaking to King World News Sprott says he thinks silver will by far outperform gold, adding he is also “incredibly bullish on gold.”
He notes that despite the advance in global stock markets, he has no doubt that “the path we’re on is not sustainable for the economy or the financial system.”
…read more
Source: Mining.com- Silver News