'Mind-boggling' low - Sprott CEO John Ciampaglia on underpriced silver catching up to gold
Silver prices should spike higher with gold hitting a new all-time high above $2,500 an ounce, said John Ciampaglia, CEO of Sprott Asset Management.
Last week, Ciampaglia spoke to Kitco Mining.
Western investors are finally starting to show an interest in gold, noted Ciampaglia, driven by concerns about market disruptions and geopolitical risks. However, gold miners haven't seen the same level of interest, which Ciampaglia attributed to the lack of institutional investment. He also noted the recent pause in China's gold buying, interpreting it as a strategic move to influence the market…
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