Coming Silver Squeeze?
According to Eric Sprott, infamous Silver Metals Executive and Millionaire, the future may hold a significant increase in the price of silver. He suggests that prices could soon escalate to an unprecedented amount of $250-$500 per ounce due to several contributing factors.
Global demands, increased industrial use, and investment dynamics are pushing silver into a possible ‘squeeze.’ Furthermore, silver mines’ decreasing production adds pressure, creating a unique set-up for an extraordinary price jump.
What the Future Holds?
A dramatic surge in the silver market isn’t unheard of. History references the legendary ‘Hunt Brothers’ who triggered a silver squeeze in 1980, sending prices above $50. If Sprott’s predictions hold, investors may be in for a wild ride and significant gains. The global economy and silver’s integral role in various industries suggest a high probability for this surge.
No one can predict the future with absolute certainty, but Sprott’s statements have certainly galvanized the silver market. Only time will tell if these predictions will solidify into reality. Read More
Leave a Reply