For decades, silver prices have been artificially suppressed, but that may be coming to an end. Renowned investor Eric Sprott, CEO of the Eric Sprott Family Office, believes a breakout is imminent—with silver potentially soaring to $250 or even $500 per ounce.

Speaking at the Prospectors & Developers Association of Canada conference in Toronto, Sprott pointed to a growing supply deficit, where demand far exceeds mining production.

“Silver is going to skyrocket,” he told Kitco Mining, citing market experts Michael Oliver and Don Durrett, who predict price targets of $250 and $500, respectively. Sprott noted that historically, silver traded at a gold-to-silver ratio of 15-to-1, but today’s 90-to-1 ratio is highly distorted due to market manipulation.

Looking for a new way to stockpile metals? Check out the Cattleman Subscription Box, which includes a strategic mix of silver, gold, platinum and even a rare Widow’s Mite, one of the few coins mentioned in The Bible.

Could Silver Really Hit $500?

Sprott believes silver’s explosive potential is tied to gold’s trajectory. With gold price targets ranging from $8,000 to $10,000, he suggests a return to a more natural gold-to-silver ratio—possibly 15-to-1 or even 7-to-1—could send silver soaring.

His confidence in precious metals stems from experience. In the late 1990s, he recognized vulnerabilities in the NASDAQ and shifted his focus to gold and silver. “I came to the conclusion that gold and silver would be the answer,” Sprott said in the Kitco article.

Silver and Gold as Safe Havens

Sprott is highly critical of current monetary policies, particularly prolonged zero-interest rates and government intervention in financial markets. He also sees economic headwinds, such as tariffs, potentially accelerating a market downturn. “When I look at the monetary policies we've had, the zero interest rates for whatever number of years, it's just so ridiculous,” he said.

For investors, the takeaway is clear: silver remains one of the most undervalued assets in the market. If Sprott’s projections prove to be even close to accurate, today’s prices could be a rare buying opportunity before silver takes off.

Interested in diversifying your portfolio with silver? United Patriot Coin offers a range of silver bullion and rare collectible coins to help you position yourself for what could be a historic rally in the metals market.

For a confidential consultation with one of our Metals Portfolio Experts about how silver could supercharge your portfolio, please submit the following form.