Silver Price: Sprott Hatches an OPEC for Silver Industry

Beacon Equity Research reported that Eric Sprott called for silver miners to address volatile economic conditions by holding on to metals inventory.

Sprott Asset Management CEO Eric Sprott said:

Given the current environment, we see much greater risk holding cash in a bank than we do in holding precious metals,” stated Sprott,   “And it serves to remember that thanks to 0% interest rates, banks don’t pay their customers to take on those risks today.

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