Thursday , 19 September 2024

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Eric Sprott on Gold’s Surge and Silver’s Lag: Opportunities and Risks for Investors

2024-09-15 Eric Spott talks

Eric Sprott, co-founder of Sprott Money, shared his insights into the gold and silver markets, predicting that gold could reach $3,000 per ounce and silver $50 by year-end. While gold has recently hit record highs, silver has lagged behind despite a 20% supply shortage. Sprott remains optimistic about undervalued gold and silver stocks like Discovery Silver and Free Gold Ventures. He also highlights silver's rising demand, driven by sectors like electric vehicles and new technologies. Sprott emphasizes the importance of staying informed, as global market shifts and government actions will significantly impact the precious metals landscape.

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