Miles Franklin Media – YouTube, Released on 7/13/26

Rick Rule explains why silver plunged from roughly $120 to $60, why he believes the decline was driven almost entirely by sentiment, and why the silver deficit may actually be getting worse. He reveals why he sold 80% of his physical silver after the market went parabolic, which silver equities he is buying now, and how banks can manipulate silver prices in the short term. Rule also lays out his long-term outlook for $15,000 gold, $300 silver, and a structural oil shortage that he says cannot be solved by a ceasefire.

(Timestamps are below the video)

00:00 Coming Up
01:30 Why Silver Crashed
04:12 Buy When Hated
06:15 Fundamentals vs Sentiment
08:38 Manipulation Myths
15:42 Physical vs Equities
17:20 Silver Stock Picks
22:08 Silver Outlook 2026
23:16 Oil Iran Shock
26:37 Structural Oil Shortage Ahead
28:52 Why Alternatives Barely Dent Oil
32:33 Oil as Core Commodity Bet
34:28 Patience Compounding and Time
35:56 Rule Symposium Lessons
39:33 Gold Basics Debt and Inflation
44:56 Gold and Silver Price Outlook
46:58 Silver Discipline and Wrap-Up

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the co-founder of Battle Bank and founder of Rule Investment Media.

  commodities, gold, investing, precious metals, silver