Eric Sprott: Today’s Key Factors Influencing Tomorrow’s Precious Metals Market

Sprott Money, Released on 5/8/24

Eric Sprott starts his day by checking overnight developments in China, particularly the prices of precious metals, noting a significant arbitrage opportunity as silver prices in China are $30.50, compared to $27.25 in his region—a 12% premium. Gold also trades at a roughly 2% premium in his region. Eric’s focus has shifted more towards silver, due to its declining inventories and strong consumption in China. He anticipates a critical shortage soon, estimating that it will take about 40 days until the Shanghai Futures Exchange’s silver inventory is depleted. Watch the full podcast to find out more!

Eric Sprott is a Canadian billionaire businessman with more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada’s largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Digest’s Canada’s Best Investors (2004); Ernst & Young’s Entrepreneur of the Year (2006); Investment Executive’s Fund Manager of the Year (2007);’s Top Financial Visionary (2011); Terrapinn’s Most Influential Hedge Fund Manager (2012); and the 2012 Murray Pezim Award for Perseverance and Success in Financing Mineral Exploration (2013).

Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.

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