Eric Sprott just released a report showing how the availability of above-ground ounces of silver for investors to purchase in a given year is only 3x greater than that for gold.
But the data from the US mint shows that investors are buying 45x more ounces of silver per year than gold.
Sprott's own purchasing efforts made through the Sprott Physical Gold and Silver Trusts also see investor demand for silver vs gold at a similar 43x.
Additional evidence leads Sprott to conclude that the true ratio could be as high as 55x.
Sprott does not see this imbalance as being able to continue at the current price level for silver. In short, he advises "following the money" (i.e. increase your silver exposure) in anticipation of a rise to a much higher $/oz for Ag.
Read the full report here.
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