Silver extremely low because of paper market — Embry

Sprott Asset Management's chief investment strategist, John Embry, said Tuesday that with China's silver demand rising sharply and money printing to infinity being Western central bank policy, silver's price remains ridiculously low.

In an interview with King World News, the expert added he didn’t see “anything changing the upward course of gold and silver,” which he thinks are going to reach record highs early in 2013.

Silver's performance since spring 2011 has been dull at best and discouraging at worst. Overall, the commodity has lost 34% of its value since peaking at the very end of April 2011.

But Embry and other experts believe it may not be long before silver begins to shine once again.

Image: John Embry discusses gold and silver via YouTube