Bullish sentiment for silver

Despite fall by more than 35% in silver prices since May, silver market seems bullish as many investors anticipate the third round of quantitative easing by US Fed and were affected by Eric Sprott's statement that he is going to buy $1.5 billion worth of white metal. After news about the previous QEs silver prices almost doubled while after Eric Sprott's said he would buy $580 million worth of silver in 2010 silver price jumped from $18 to about $50.