Eric Sprott: “This Decade Belongs to Silver”
The precious metals sector is on the move. Gold just surpassed a long-time resistance of $1,300 and silver is looking ripe to head higher than $20 once again!
The ratio between them is far more than its 20-year average of 55:1 and silver would have to be $23 per ounce in order to meet that.
Most silver companies aren’t truly silver miners because their purity level is low.
Silver is the most industrial of all precious metals. It is consumed daily for thousands of uses, and its supply is very tight.
The large banks have been manipulating, shorting, and suppressing the nominal price for years, but the authorities are beginning to weed them out. When they do, the purest miners will soar first.