In this Kitco News exclusive, Senior Anchor Jeremy Szafron sits down with billionaire investor and Sprott Inc. founder Eric Sprott to break down the unprecedented breakout in the precious metals market. With gold establishing a new normal above $5,227 and silver surging past $92 an ounce, Sprott details why the physical short squeeze is unfolding in real time.
We dive deep into the recent CME Globex technical interruption, the drain on Western physical inventories, and why Eastern markets are now fully dictating global price discovery. Sprott also reveals the strategy behind his aggressive capital deployment, including his massive low 40 percent ownership stake in Hycroft Mining, and his recent multimillion dollar sweeps across the junior mining sector with names like Rio Silver and Highlander Silver. From systemic risks mirroring 2008 to quantitative funds fleeing US equities for hard assets, this interview provides critical insights into the resource sector’s historic rotation.
Recorded February 27 2026
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Timestamps:
00:00 Gold Breaks New Normal
01:22 CME Halt And Squeeze
04:01 India Rewrites Pricing
06:32 Silver Ratio Reversion
07:52 Offtake Deals Emerging
09:02 Hycroft Mega Resource
11:12 Junior Miners Catch Up
12:10 Nortel Effect In Gold
13:19 Picking Winners At $150
14:42 Institutions Finally Arrive
15:58 Liquidity And Deal Pricing
17:19 Hunting Hidden Gems
18:38 Jurisdiction Risk Check
20:16 Majors Missing the Cycle
21:36 Buyout Fears and Upside
23:03 Risk Rules for Newcomers
24:12 Do Metals Hedge Crashes
26:28 Price Decks and Cutoff Grades
27:46 Speed of the Bull Market
29:05 Wrap Up and PDAC
#KitcoNews #EricSprott #SilverSqueeze #Gold #Silver #MiningStocks #PDAC2026 #Commodities #Investing #Macro
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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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32 Comments
What’s your base case from here: $150 silver, $300 silver, or a sharp pullback before the next leg? And if you had to pick one: physical, producers, or juniors?
Timestamp your favorite Sprott moment below, and drop the one question you want us to ask him next.
Such a wonderful human being. Thanks for interviewing him!
he is buying BP silver. any bet no doubt
What’s he talking about my gold and silver stock going down
This guy is so knowledgeable and easy to listen to
The presentation and information were excellent; I was very pleased. I wish you a pleasant time and send my best regards
Think they need to be jailed for corruption
Perth mint estimates shortfall in silver until 2030
Taxes AND dealers paying under spot to buy erases such a large percent of the gains…
Good day to buy Rio Silver $RYO.V $RYOOF
When Stpott, Rule and others come out with idiotic targets… get the f*ck out of PMs and miners…
60 USD coming – miners get crushed!
Icon.
Good to see a silver cowboy kickin' back
Rio Silver potential is huge. Sprott buying open market?
Hey folks. Most silver mining juniors have orebodies priced at 26 to 29 bucks an ounce.
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the WITH OUT THE BELIEF IN THE BLOOD OF JESUS you are lost tBo GODELIEVE THIS)
YOU NEED JESUBELIVE THISS TO GO TO HEVAN PRAISE BE TO GOD (YOU NEED TO
? What company was Eric talking about when he mentioned the massive drill results?
Manipulation is rampant. Silver moving $5-$8 in minutes is not a market. To drive price down, you have to sell silver. Be my guest. Eventually it goes up to meet demand, which is huge.
Bla Bla Bla Rinse and Repeat
Silver down .38 cents in the last month check me out😊
Silver is $86. Very little volatility.
the market may likely open negative today as a result of the attack on Iran and it's retaliation but if you have a reputable individual doing the market research on your behalf you would have no trouble navigating this uncertain market conditions.
MINERS making money hand over fist……….feasibility economics are based on $2000 gold……..$30 silver………THIS AIN'T SHIT………
Jane Street not good…
THe crazy regulation should be save halt on increases and same halt on decreases…. the decrease open floor is dumb..
Comex didnt want the price to go above 92 do they turned off their servers. This isnt the first time. And also they work with Jane street who are manipulating the market
😂😂😂😂😂😂 this is pure propaganda for the smart money. When they tell you to buy. Don't
Kitco and the guests is an awesome combination. Thanks. Many blessings to all.
pslv sucks. It takes forever to get momentum
8:45
First Majestic and their vertically integrated "First Mint" sold a lot of the company's silver directly to retail
Us Treasury is not a safe haven stupid
thanks Gents. Great insights