U.S. Just Called Silver 'Critical' - Wheaton CEO Says Supply Has Already ‘Peaked’

Video Description

Gold is holding above $4,000 an ounce, marking one of the strongest sustained rallies in modern history - and now, the U.S. government has just added silver and copper to its official critical minerals list. In this Kitco News interview, Jeremy Szafron sits down with Randy Smallwood, President & CEO of Wheaton Precious Metals (WPM), to break down what this means for investors, the global metals supply chain, and the future of sound money. Smallwood reveals how Wheaton just deployed nearly $1 billion this quarter while also raising its dividend by 6.5%, all with zero debt on the balance sheet — a rare feat in today’s market. He also weighs in on the outlook for $5,000 gold, the U.S. fiscal crisis, and whether the system has to “break” before gold reaches new highs. This is the defining conversation on how streamers, miners, and investors navigate the next phase of the metals bull market. Recorded on November 7 2025 Follow Jeremy Szafron on X:@JeremySzafron ( https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 00:00 Introduction and Market Overview 01:14 Interview with Randy Smallwood 01:29 Wheaton's Investment Strategy 02:17 The $670M Spring Valley Acquisition 03:12 Helo Transaction: "$1B Put to Work" 05:39 Gold Market Dynamics and Wheaton's Growth 09:01 Streaming Model vs. Traditional Mining 15:01 Macro Economic Factors and Gold Prices 17:32 Central Banks and Gold Accumulation 21:55 Silver's Strategic Importance 28:50 Conclusion and Final Thoughts #gold #goldprice #investing #silver #silverprice #WheatonPreciousMetals #RandySmallwood #mining #inflation #economy #centralbanks #PeakSilver #KitcoNews __________________________________________________________________ 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.