Eric Sprott: Coming silver squeeze? Why silver price at $250-$500 is 'entirely possible' – Eric Sprott
Kitco News · 6 Mar 2025 · Source
- Sprott expects gold to finish 2025 above $3,000 an ounce and silver above $50.
- He says silver could potentially reach $250-$500, citing targets from Michael Oliver and Don Durrett and endorsing both as possible.
- He attributes the upside to a technical silver deficit, with consumption exceeding mine production.
- Sprott argues decades of alleged silver-price manipulation have suppressed the metal and that a breakout could follow.
- He expects the gold-silver ratio to fall sharply from roughly 90-to-1, possibly reaching 15-to-1 or 7-to-1.
- Zero-interest-rate policies and possible tariffs could worsen market conditions and accelerate a bear market, which he believes would support precious metals.
- Sprott says he is shorting the broader market while seeking undervalued precious-metals companies trading far below net asset value.
- He generally plans to hold companies he buys until they appreciate and are acquired rather than setting a fixed selling price.
Silver $50 by 31 Dec 2025Reached
“I'm sure gold will be well north of $3,000. And I would hope that silver will be north of $50,”
Gold $3,000 by 31 Dec 2025Reached
“I'm sure gold will be well north of $3,000. And I would hope that silver will be north of $50,”