Kitco News, Released on 3/5/26 (Recorded on 3/2/26)

Willem Middelkoop says the monetary reset is no longer a forecast. It is unfolding now. Speaking with Kitco News at PDAC 2026, the Founder and CEO of Commodity Discovery Fund reiterated his aggressive silver outlook. “It was 2021 when I called for $100 silver,” he said. “Now I’m calling for $500 silver.” Middelkoop argues that historical benchmarks still matter, noting the gold-silver ratio “traditionally has been one in 10 for over 2000 years,” while physical supply continues to tighten. He added, “If you look at the silver production in Peru, it’s down 40% over the last five years.” Beyond price targets, Middelkoop believes the global financial order is shifting east. “The price discovery mechanism for gold and silver is moving from Chicago to Shanghai,” he said, adding, “I think this is Bretton Woods 3.0.” He warned that “the next crisis could be a sovereign debt crisis,” but maintains that despite volatility and geopolitical tension, “We are just starting.”

01:06 – Silver Squeeze Setup
02:47 – Comex Credibility Cracks
04:18 – Shanghai Takes Over
07:36 – Mexico Mining Risk
08:50 – Fed No Longer Matters
09:53 – Bretton Woods 3.0
11:32 – Sovereign Debt Reckoning
13:39 – Middle East Political Fallout
17:20 – What It Means for Miners
19:01 – M&A and Copper Deals
23:06 – Portfolio Positioning
25:44 – Black Swan and Stacking

Willem P. Middelkoop is Co-Founder & Fund Manager at Commodity Discovery Management. He is responsible for research and was previously a private investor in Canadian (junior) mining companies for over 10 years, and is an expert in ‘Discovery Investing’. He ceased his work as a financial journalist, in 2009, but is still an active writer, publishing books on financial and economic topics.

  gold, investing, precious metals, silver, silver squeeze, Willem Middelkoop