Mithril CEO John Skeet warns the structural silver deficit is permanent, spotlighting a high-grade Mexico project as the epicenter of the coming supply crisis. Speaking from the VRIC conference this year, Skeet frames the intense investor turnout not as mere interest, but as a desperate hunt for viable projects in a market starved for primary silver production.
He reveals the rapid advancement of the district-scale Silver Creek property, where drilling has more than doubled a high-grade resource since mid-2024, with a pivotal update due imminently. Skeet argues that while most silver is a precarious byproduct of other metals, his project in Mexico’s historic Sierra Madre—a region with 100 past mines—represents a rare, pure, and high-grade solution. “It’s a problem that is not going away,” he states, referencing the unsustainable deficit.
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35 Comments
They did a 100 to 1 reverse split in 2024. Too high-priced for me, last year, sure.
IF MEXICO CAN'T ENSURE SECURITY FROM DRUG CARTELS…………SEEMS POINTLESS TO RISK MONEY FOR A PROJECT THAT MAY NEVER GET THE METAL OUT OF THE GROUND OR WORSE YET….JUST TAKES OVER THE MINE. THE GOVERNMENT OF MEXICO IS USELESS…………….AND SO ARE MEXICAN MINING COMPANIES. HOPE THEY ECONOMICALLY CHOKE TO DEATH ON THE SILVER.
Risking. They don’t have the manpower to mine. The locals don’t want those health risking jobs much less not getting paid. Do your own research, most of those mines have been sold over and over and over. The first owners mined all that was there to mine, the next owners have to deal with mining under cities which carries a lot of liabilities.
Precious metals are now climbing a wall of worry after the big recent pullback.
John Skeet, CEO of Mithril Silver and Gold … Would he have a vested interest in saying what he says in his analyzes? Whadda think?
Brilliant show
Google map shows those mines mentioned in Sonora/Sinaloa being closed. 🤔 Mexican officials have found the remains of one of the 10 Canadian miners kidnapped. Sad.
You talking about physical or paper… physical eternal value, paper 0.00 (worthless). Big difference kids, big difference.
The manipulators from the paper shorters, the banksters, the industrialists, and the wealth fund whales, to the refiners, to the wholesalers, are working for their own common good, and the LCS businesses are in danger and the average citizen is being priced out of the market and as the US Dollar continues to die a slow-motion train wreck death, millions of people will be left without a seat at the table when the music stops.
Buy a little constitutional, or Peace and Morgan dollars or some rounds and bars.
Buy a little every day.
Keep calm and keep stacking.
Peace.
do we have a date stamp on this video
Francisco d’Anconia's mine (In Durango Mexico) in Atlas Shrugged went bad but I am sure in real life Mexico is stable and safe. Half joking.
I have physical and owned stock in 1st Majestic…. They were always embroiled with the Mexican government over royalties…. I sold and it's value has gone up…. Until the government does what it always does .. they have a nationalized oil industry after all ….
Silver’s bearish case: deficits are flow-based, not stock-based; above-ground inventories and eligible metal can meet demand. Paper markets set prices, cash settlement works, high prices reduce industrial use, and supply responds over time—making permanent scarcity and repricing unlikely.
Would like to see more info discussed about dilution and insider trading.
Great job.
how much are the cartels cut in for?
FYI Silver
Comex March contracts for silver total 113,000 contracts for 429 million ounces of physical silver . Comex only has 103 million physical ounces of silver in their vaults available for delivery for March contracts
Their April contracts are about 433 contracts for 5000 ounces each
and
May contracts of 20,002 for 5000 ounces each
Beyond settling the contracts Comex vaults are being drained at a rate of about 750,000 ounces per day or about 15 million ounces over the next 20 days
FYI Gold
Comex has 3.5 million ounces of Gold and for every Physical ounce of gold they have 100 ounces of gold in contracts (Paper)
They have 4870 Gold contracts totaling 487,000 ounces out for March
First Majestic and Hecla!
I heard that the good and silver will go up by April
COMEX @ 100 mil oz's of registered silver…lets watch that drain over next two months.
I like the content and I love the view Danelia😍
This one China trader NAKED SHORTED 450 tons of silver?????????? How the fk do regulators allow that??? That dwarfs what the Hunt brothers did. China and LBMA and COMEX have to get the silver price lower so he can exit those naked shorts. Naked shorts means there is NO silver that was borrowed against these contracts. If silver were to rise and he is forced to exit, the whole house of cards could implode. Might also be called the "canary in the coal mine" or "Black Swan Event". 450 TONNNNSSS !!!!!!!!!
Wish I had dollar everytime "potential" remark spoken in the dilution mining space !
Bought the dip hard on Friday look forward to witnessing this company’s appreciation!
😊👍
When he was talking about historical silver prices, he was talking about the numbers that you see on the screen; not the true value of the physical metal essentially and its importance uses. Hopefully these mining companies would not dig deep veins and think of their mission could impact the environment well-being of today and for generation. Even if you dig outside the US, the veins are connected. And pouring stuff back to the hole would never be the same. The imbalance could potentially create disasters, from point A to B. Just my opinion.
Thanks for sharing
Hold silver
The finance industry cannot make any money out of people holding physical bullion. It's that simple,
Would
I don't invest in any of these companies I only buy the silver and gold and stack it, fuck investing in the stock market they are thieves and manipulaters
Great interview as usual…and great dress!
miner ticker AABB
Why are you investing in a system that has told you straight it is creating a CBDC system and in that system YOU will be happy?
Skeet! Best last name for someone long on Silver