What are silver experts predicting for the price of silver in 2013? PMBull presents two video interviews with silver experts Eric Sprott and David Morgan. In the first video, Eric Sprott provides a long-term forecast for silver relative to gold. In the second video, David Morgan provides his thoughts on the likely path for silver prices in 2013. PMBull comments, unless directly quoted, represent PMBull’s assessment of the thoughts expressed in the interviews and should not be ascribed to the video, interviewer or interviewee. These predictions are merely a snapshot at the time these videos were produced and it is entirely possible that both gurus have further amended their forecasts.
Eric Sprott Predicts Silver to Outpace Gold in the Decade Ahead
In this compelling interview from December with Lauren Lyster of Capital Account, Eric Sprott, Founder and CEO of Sprott Asset Management discusses the prospects for Silver in the decade ahead and outlines some specific data that suggests silver may indeed be a better investment than gold.
Eric suggests that silver will ultimately trade down to a 16:1 ratio vs. gold and details what this would mean for prices. He concludes that gold was the investment of the last decade, but silver will be the investment of the next decade. For more from Eric Sprott see Why Are Investors Buying 50 Times More Physical Silver than Gold on ZeroHedge.
David Morgan 2013 Silver Forecast: Surpasses $40 and Tests $48
In this interview from January with Andrew Topf at Investing News Network, David Morgan, the renowned expert on silver and publisher of The Morgan Report acknowledges that his call for silver at $60 per ounce by the end of 2012 did not materialize, but also points out that he had amended his prediction in March, a fact missed by many, including PMBull.
David foresees silver surpassing $40 per ounce this year and ultimately reaching $48 per ounce.
The interview starts with Andrew pointing out that industrial demand for silver fell 6% in 2012, yet is predicted to rise by 7% in 2013. He asks David if this will be bullish for silver prices. Mr. Morgan correctly points out that silver doesn’t care where demand comes from, whether it be industrial or investment demand. He says that ultimately, supply and demand should drive silver prices and that increased demand in 2013 should be bullish for silver.
David says that if you haven’t yet acquired any, one should always start with physical silver. If you do not hold silver bullion coins, rounds or bars in your hand, you do not truly own silver – you own a paper promise. However, David says that mining shares are in a bottoming process and that they are the place to be right now, noting that the discrepancy between silver bullion and mining shares are at a 30-year low. Mining shares have come down even further since this interview was published.