Sharing with Kitco, investor Eric Sprott - CEO of Eric Sprott Family Office - assessed that silver prices will increase sharply due to a supply deficit, when consumption demand far exceeds exploited output. He also cited Michael Oliver's precious metal price forecast of $250/ounce and Don Durrett's $500/ounce.
"Both of these price points are well-founded because gold is targeting between $8,000-10,000/ounce. Previously, silver was traded at a ratio of 15:1 to gold.
Currently, the gold- silver ratio is around 90:1, which is a compensation due to manipulation. Accordingly, this ratio may narrow significantly, possibly returning to 15:1 or even 7:1" - he said.

Sprott began paying attention to gold and silver in the late 1990s, citing concerns that the NASDAQ stock market was risky. He realized that precious metals were a safer choice and decided to invest. "I come to the conclusion that gold and silver are the answers," he said, referring to his success in making a profit from precious metals during a period of market decline.
Regarding the market and investment strategy, Sprott expressed concern about the current market situation and revealed that he was betting on a decline in the stock market. "When I look at the monetary policies we have had - 0% interest rates for many years - I find that unreasonable," he said.
He also highlighted the potential impact of tariffs on the global economy, saying it could accelerate a downward price market, thereby benefiting gold and silver.
Sprott focuses on investing in precious metals mining companies with stock prices much lower than the real value of the assets they own. He said that many stocks can be found traded at only 1/10 of their real value and emphasized that patience is an important factor in investment.
Sprott also revealed that he did not plan to sell immediately upon purchasing a company. "Usually when I buy, I don't think about selling. I want them to grow, increase their value, and someone buy them back from me," he said.
Looking ahead, Sprott is optimistic for the precious metals market later this year: "I am confident gold will surpass $3,000/ounce. And I hope silver will be above $50/ounce, precious metals stocks will also increase strongly."
As of 6:30 a.m. on March 8 (Vietnam time), the world silver price listed on Goldprice.org was at 32.47 USD/ounce.

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