Kitco News, Released on 2/27/26

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.

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

Eric Sprott is a Canadian billionaire businessman with more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada’s largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Digest’s Canada’s Best Investors (2004); Ernst & Young’s Entrepreneur of the Year (2006); Investment Executive’s Fund Manager of the Year (2007); Advisor.ca’s Top Financial Visionary (2011); Terrapinn’s Most Influential Hedge Fund Manager (2012); and the 2012 Murray Pezim Award for Perseverance and Success in Financing Mineral Exploration (2013).

  gold, investing, silver, silver squeeze