The US economy is flashing contradictory signals. While consumer retail sales have stalled and delinquency rates hit near-decade highs, financial assets are moving at historic speeds. US equity markets are seeing daily turnover surpass $1 trillion, and gold is holding firm in the $5,000 range.
Will Rhind, Founder and CEO of GraniteShares, joins Jeremy Szafron to explain why this disconnect is happening and who is actually driving the volume. Rhind argues that the US has become the global liquidity sink for the world’s capital, with international investors forced to trade US names to access the AI trade. He also breaks down a massive anomaly in the silver market, where ETF volume recently exceeded the S&P 500, and makes the case for Platinum as the “next metal to move” given its historic 50% discount to gold.
Recorded on February 10, 2026
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Key Talking Points:
-The Global Liquidity Funnel: Why $1 trillion in daily volume is a global, not local, phenomenon.
-Silver’s “Abnormal” Signal: Why the SLV ETF is trading more volume than the entire US stock market.
-The “De Facto” Currency: Rhind discusses how gold has surpassed the Euro and is replacing the Dollar as the standard for central banks.
-Bitcoin’s Rotation: Why capital is leaving crypto to chase the momentum in precious metals.
TIMESTAMPS:
00:00 – Introduction and Market Overview
00:07 – Economic Concerns: Consumer and Debt Data
00:39 – Financial Assets and Market Velocity
01:05 – Interview with Will Rhind: Market Disconnect
04:17 – Credit Markets: Corporate Debt Analysis
09:26 – Metals Market: Gold, Silver, and Platinum
23:09 – Bitcoin and Cryptocurrency Trends
27:37 – Market Predictions and Final Thoughts
34:49 – Conclusion and Subscription Reminder
#silver #gold #investing #stockmarket #economy #wealth #preciousmetals #inflation #platinum #kitconews #jeremyszafron #willrhind #etf #finance #money #trading #marketcrash #recession #commodities #mining
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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47 Comments
All soothsayers say we need Silver to hold above 70 dollar resistance at closing, to break out, but nobody says why, or asks: Why?
So, I wonder which way does causality goes. Is it that everyone is waiting for the price to close above the limit set, or that because everyone knows, or thinks they know, that until the limit is broken and stays broken after closing, the price would reverse whilst they're asleep? In other words, is it a self fulfilling outcome that enables someone a high probability of not loosing as long as they make sure of closing below the threshold?
Further, is financial education a tool for investors or a safeguard for manipulators?
Love this dude's accent. It's Pierce Brosnan, CEO Metal Investor. I have metals and will “HODL” as long as I can, and hope to give them to my kids. It's ironic that I bought 1 bitcoin with the same intent to give to my kids, and when I needed money in an emergency, I ended up selling the bitcoin and some of my metals.
Thanks
The widespread predictions of $50 silver did not happen. The support level is always changing and currently is soft support at $80 and firm supprt at $72. I exspect that the next transition will be to establish $80 to be the new firm support level within the next ten days. If that does not happen then the $72 firm support level will be tested. If $72 does not hold then a fallback to $65 is likely. The probabilty is that the $80 new firm support level will emerge at 58% vs a 42% fallback to $65. Exciting times. Finally I was impressed how the vast majority of the hardcore silver stackers have not sold.
The reason that silver is rising so much is simple. Decades of price suppression and manipulation are breaking down. I have to admire miners like First Majestic who held out for decades during hard times and will now be rewarded for superior business practice.
Great guest!
USAS , NFGC , IAUX for the win
Keep stacking you dirty apes. Crush the COMEX.
Great conversation, especially about silver and the recent price volatility! Thank you!
Delinquinces are at 22%, wtf
Boring. Tech this. Tech that. Yeah, yeah, retail is always on the wrong side of the trade.
Gold is giving the Bitcoin narrative from a few months ago.
But Asian guys says silver is going to $3.33 at 1:01pm EST February 31st 2026. Should I sell now?
Great guest! Thank you Jeremy and Team Kitco.
Silver ❤❤❤❤❤
Investors please be aware that 'SLV' ETF is one for the silver bullion and that the ETF 'SIL' is the one for the miners of silver. So, when the market talks about Silver ETF ("paper") they refer to the 'SLV' ETF.
'SIL' related ETF's has much more to come as the miners' financial reporting takes place in the next few weeks.
Needs timestamps.
Someone said – I just paid $70 for three pizzas, how can an ounce of silver at $80 be considered a bubble?
This kid is a class act…clearly the next Louis Rukeyser on business journalism 🎉 well done and keep going…stardom awaits you
Volume is really just a measure of how many trades are happening, but it doesn’t directly tell us whether there is more money coming in or going out. In fact, high volume can come from many small position changes, or very large trades that are counterbalanced. So, more volume implies more activity, more trading, but not a sentiment nor an amount of new money comming into the scene. Ultimately, volume is a signal of activity, both together selling and buying.
Great video-now I've hit $170,590. I was having this exact conversation with my dad the other night-generational wealth isn't just about getting money. It's about teaching everyone not only how to make it, but also how to maintain it. It does no good for me to provide for my family if they don't understand how to manage and sustain it
All are there American politics qurrupt otherwise silver price should be now 200$
Excellent, articulate guest. Thx.
Yeah, wow, interesting.
Would be constructive if Michael showed charts
Metals are the New Meme Coins for the gen z… Millennial and boomers were holding bitcoin up..!
If big players are selling bitcoin then I need to take notice they always have the first sniff of what’s coming
And then the AI, circular financing and "special purpose vehicles" and the (ENRON) style off balance sheet debt went – POP!
"well in that case, I'll take the gold…."
measured in gold, the stock market has been in crash since 2000, and houses are almost half price since then when using gold as the yardstick.
Did not like this "gentleman" but watched the whole thing because I liked Jeremy's questions (he likes the shiny)
Good insights ! Thx so.much
sometimes i think kitco is funded by the comex, they are always putting emphasis on the downside, you just need to listen to his questions and how he phrases them. This jeremy guy is an idiot
Clown interview
Solid Interview 💪 ….from someone who sells paper Gold stored in a place that has imprisoned some 50k.people for speaking out against their tens of billions being used to fund the elimination of a small foreign nation. Wouldn't trust deposits in paper money nevertheless gold that you don't own or possess in nations that don't respect freedom of speech, human existence, common arithmetic, nevertheless the will of their own people.
Great show
The building in the background looks like the scenery from Idiocracy
AI is threatening the security of your Bitcoins.
You'd better stand for delivery, before it's too late.
Your box full of nothing should arrive in a few weeks.
Buy BITI Monday!
Jeremy, does this guy go grocery shopping? I've never seen him picking over black spotted avo's in FoodMaxx😂 No real world experience.
Buy PLTM Tuesday! Sell it 2 weeks from now. 😃😃😃😃
For each seller there is a buyer and for each buyer there's a seller selling and buying equal amounts. So when you say selling at the top and buying at the bottom somebody is going to be buying that seller and somebody's going to be selling that buyer. 🇺🇲🇺🇲🇺🇲🇺🇲
Where is Korear?
26:46 bitcoin will go back to $5 and the Maxie’s will still swear by it
Great questions
Search said, " Basel III implementation has been delayed numerous times, but its rules on bank liquidity started to apply on 28 June 2021 and its reform will come into full force in Europe on 1 January 2025. "
So, gold is now a Tier 1 asset for European banks. US expected to be in compliance, 2028? Silver is expected to be 2% of gold but, industrial use does skeu that metric. Pennys in an integrated circuit and, a ten year solar panel vs a twenty-five year solar panel with silver that should be reclaimed.
Or is this just a melt up before a correction? The fiat raised is not worth whstcitcised yo be so it takes more to buy the same shares we used to buy.
The PE ratios are so out of line. Thecrecoveryvis set yo to take off inbthe future butvtheres goingvto be some hurt before it can totally engage.
That's why tax cuts will help main street survive, with more $ toxspend intobthe economy, whyvtarriffs are becessary, ubtil we getvthe bewly onshored trillions, so we can start to have a base of manufacturers again. You create growth throughbproducibgvwhat others need. Its simple. Hiw do yoy make money? You see or create a need and fill it.
But the US is teetering on the edge. The waters need to be navigated carefully The Fed prints,cafyercit causes a decline. It's the way the system is designed.
This guy's part of the system and the problem, not the solution.
Will you are and have been a clueless gentleman
Are we talking about individual stock buying or derivatives is 1 trillion is a large figure even for America