Posted by rahrens_1 on November 22nd 2011 at 10:42 pm
Sprott Buying $1.5 Billion In Silver For PSLV
It seems Eric Sprott is at it again, last week they filed to purchase $1.5 billion in silver or about 48 million oz at current prices or about 10% of this years production. It will be interesting what the impact on prices will be. If we assume that silver is similar to gold in having a 100 to 1 leverage in paper silver then taking $1.5 billion in silver off the market should have some interesting impacts on paper silver players.
See full article here.
