Sprott To Buy $1.5B of Silver Bullion

Eric Sprott, the Canadian Hedge Fund manager who runs Sprott Asset Management has recently filed a prospectus for a new offering of up to $1.5 billion of new Physical Silver Trust.

This is a huge buy and could huge for silver investors. Although it cannot be directly proven, the last time Sprott bought a lot of silver for the trust, the price of silver went from $18 to $50 in 5 months.

Here's the Globe and Mail article.

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