Eric Sprott: Between ETFs, You and Us, There's No Silver Left (PSLV, SLV)

Eric Sprott, CEO of Sprott Asset Management, gave a presentation on gold and silver at the Fall 2010 Casey Research Gold & Resource Summit. The video shows slides as well. Sprott's firm started an exchange traded physical silver trust (ticker symbol: PSLV) and a physical gold trust (PHYS). It appears that market participants have cornered the silver market.

Sprott Phsyical Silver Trust ETF
"One of the statistics that I fully agree with is the availability of gold versus silver. I use the number $6 trillion as the amount of gold that's available in the world. And the amount of silver that's available in the world is about $22 billion. A billion ounces of silver at $22, of which the ETFs already own half, and between you guys and us, we probably own the other half. Which means there's nothing left".

After the jump watch the full video courtesy of Casey Research and see a chart of 24 Hour Silver Spot and London PM Fix 1985-Present via Kitco.

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24 Hour Silver Spot Price (
Silver London PM Fix 1985 - Present (

Hat tip David Morgan (@silverguru22)