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.

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