The Banks Have ‘Lost Control’: $300 Silver, India’s Bid & the End of Western Pricing - Eric Sprott

Video Description

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 Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 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 __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: 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.