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Silver’s powerful rally may be entering a new phase, and the biggest opportunity could now lie in mining equities.Speaking with Kitco News at PDAC 2026, Peter Krauth, author of The Great Silver Bull and editor of Silver Stock Investor, said the market has likely moved beyond its early accumulation stage and into the awareness phase of the bull cycle. He expects volatility to remain a defining feature of the market this year as prices continue climbing.Krauth also warned that structural pressure may be building in the paper silver market. “If you get some big futures holder that says, ‘I'm standing for delivery,’ and the exchange can't meet that delivery,” he said, “that's when all you know what breaks loose, and then that's a reset.”At the same time, institutional capital may finally be turning toward the sector, with large funds beginning to recognize the need for exposure to resources. Krauth argues that silver developers remain deeply discounted relative to producers, leaving significant upside if capital flows accelerate.Despite silver’s surge, he believes the cycle is still early. “This bull market is just getting started.”Recorded March 02, 2026.00:58 - Silver Bull Market Bear Trap Explained02:55 - Geopolitics, Recession Risk and Silver vs Gold03:58 - COMEX Silver Squeeze and Delivery Risk05:50 - India Moves Away From LBMA Silver Pricing07:09 - Industrial Silver Demand and Substitution Limits09:00 - Solar Power, Batteries, and Silver Demand11:02 - Silver Miners Scarcity Premium Explained11:28 - Institutional Investors Enter Silver Mining Stocks15:12 - Silver Miners Leverage on the Silver Price16:41 - Offtake Deals and Physical Silver Premiums17:50 - How to Invest in Silver Stocks NowSpecial thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Peter Krauth on X: @peter_krauth (https://x.com/peter_krauth)#Silver #SilverPrice #SilverSqueeze #SilverStocks #SilverMiners #PreciousMetals #Mining #Comex #PDAC2026 #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/kitconewsDisclaimer:  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.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.

The gold and silver markets are hitting a major pivot point as extreme geopolitical volatility clashes with a wave of aggressive technical selling. After gold touched a peak of $5,434 following the escalation of conflict in the Middle East, the metal has retreated significantly, testing critical support levels amid massive daily price swings of up to $200. In this episode of Chart This recorded March 9 2026, Gary Wagner, Editor of The Gold Forecast, explains why he is strictly ignoring the "unsustainable" daily wicks and instead focusing on the "real bodies" of the candlesticks to find the true market floor. We also dive into the 38% surge in oil prices this week—which Gary identifies as the primary "leading indicator" for all asset classes—and the "highly exaggerated" 4% jump in the U.S. Dollar Index (DXY) that is acting as a massive anchor on the metals complex. From the possibility of an "A-B-C correction" to silver’s surprising internal strength, this interview provides the roadmap needed to navigate these unique and volatile times.CHAPTERS0:00 - Introduction: Gold's Major Pivot Point 1:45 - Trump’s Iran Comments and Market Stability 2:45 - Technical Selling vs. Flight to the Dollar 4:30 - Why Gary Ignores the "Wicks": Finding the Real Floor 6:15 - The Strait of Hormuz and the $150 Oil Threat8:00 - Silver Analysis: Fibonacci Retracements and Internal Strength 10:15 - The DXY "Anchor": A 4% Jump in the Dollar Index 12:30 - The A-B-C Correction: One More Move Lower? 15:30 - Why Oil is the "Leading Indicator" for All Asset Classes 17:30 - Strategy for Unique Times: Physical Gold and Non-Leveraged Plays #Gold #Silver #GaryWagner #KitcoNews #MarketAnalysis #Investing #OilPrices #TechnicalAnalysis #GoldPriceToday__________________________________________________________________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/kitconewsVisit: 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/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn 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.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.

In this exclusive for Kitco News, Anchor Jeremy Szafron sits down with Fr. Emmanuel Lemelson, Chief Investment Officer at Lemelson Capital Management, to dissect a global market he describes as 'detached from reality'. Following a historic $36 intraday swing in oil, Lemelson warns that the current volatility is merely a 'tremor before the major earthquake'.Fr. Lemelson challenges the core thesis of the 'gold bugs,' arguing that while trust in fiat is breaking down, gold is not a guaranteed sanctuary. He posits a sobering geopolitical reality: in a global crisis, 'it’s the guy with the biggest military that’s gonna take what he wants'.From the 'capture' of the Federal Reserve to the 'accounting chicanery' fueling a 'house of cards' in the AI sector, Lemelson pulls no punches on the structural rot facing investors. He further details why 'being passive is usually just a euphemism for being lazy' and why retail investors often end up as the 'exit liquidity' for sophisticated multi-strategy hedge funds that are currently getting 'hammered'.Recorded on March 10, 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Fr. Lemelson on X: @Lemelson (https://x.com/Lemelson) & on substack: (https://lemelson.substack.com/)Chapters00:00 Oil Shock Opens Show01:32 Markets Trading Hope02:25 Oil Reality Check04:59 Fed Policy Trap06:32 Gold Bitcoin Debate08:56 What Is Hard Value11:27 Active Value Hunting13:03 Hedge Funds Hit14:36 Private Credit Cracks17:02 Who Holds The Bag18:34 Golden Age Of Fraud19:54 Rigged Market Reality20:31 Be a Shareholder Steward21:51 Activism for Everyone22:14 WWE Case Study24:11 Practical Active Habits26:01 Top Value Picks29:36 What to Avoid Now33:17 Gold and Silver Skepticism34:53 Influencer Incentives Warning36:57 Closing#Gold #Oil #Investing #KitcoNews #EmmanuelLemelson #FederalReserve #StockMarket #Economy #WealthProtection #ValueInvesting #AI #HedgeFunds #Fraud #Stewardship__________________________________________________________________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/kitconewsLearn 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.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.

Clem Chambers, founder of anewfn.com and contrarian market commentator, explains why recent oil spikes are tactical and AI will spark a massive global energy build-out. He warns Europe is deindustrializing, calls gold a wartime strategic reserve with a $6,000 long-term target, sees Bitcoin as a liquidity asset headed lower, and highlights contrarian opportunities in platinum, palladium and copper miners.

Luke Gromen, founder of Forest for the Trees and macro/sovereign debt analyst. He discusses the bond market as the real battleground, how energy shocks force dollar asset sales, parallels to the 1956 Suez moment, AI colliding with energy limits, and why institutions are treating gold as a final settlement asset with a bold price forecast.

Willem Middelkoop, founder of the Commodity Discovery Fund and author on monetary reset themes, discusses soaring silver forecasts and shrinking COMEX inventories. He covers shifting price discovery from West to East, supply drops in major producers, and the risk of a sovereign debt shock. Short, sharp takes on market structure, geopolitics, and why metals may be revalued.

Rick Rule says his silver position “as a speculation, has run its course,” and he is now looking for opportunity in equities, discoveries, and consolidation. Speaking with Kitco News at PDAC 2026, the President and CEO of Rule Investment Media explained why he exited physical silver after a major move. “I bought silver some years ago because it was hated,” he said. “I was wrong. It quadrupled.”Rule said he redeployed about half of the proceeds into silver stocks, arguing that parts of the equity market still reflect more conservative pricing than the metal itself. He also said the industry is entering a new phase as older exploration spending begins to bear fruit. “We’re coming into a very, very, very exciting period throughout the value chain and mining,” he said, adding that when a real discovery is made, “it will be bought for eye-popping multiples.” Rule expects consolidation to build, and he challenged official inflation data, saying, “I think the conventional measures of inflation are lies.”Recorded March 02, 2026.00:54 - Silver to Stocks02:34 - Exploration Payoff Cycle03:50 - M&A and Takeovers06:50 - Royalties and Consolidation09:33 - Institutions and Dumb Money13:18 - Dividends vs Sustaining Capex16:11 - Taking Control18:41 - Silver Squeeze Reality20:04 - COMEX Force Majeure23:44 - Borrowing Against Bullion25:16 - Rule Symposium Breakdown29:53 - Uranium Copper Inevitables31:37 - Copper Pretenders WarningSpecial thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Rick Rule on X: @RealRickRule (https://x.com/RealRickRule)#Gold #Silver #PreciousMetals #GoldStocks #SilverStocks #Mining #Uranium #Copper #Inflation #EnergyMarkets #PDAC2026 #KitcoNews__________________________________________________________________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/kitconewsVisit: 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/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ 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.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.

Rising tensions in the Middle East and a surge in oil prices sent gold briefly above $5,400, but Dr. James Thorne says investors should separate short-term shocks from long-term trends. Speaking with Kitco News at PDAC 2026, the Wellington-Altus Chief Market Strategist described the move as “a temporary spike if we're long-term investors,” adding that “in a bull market, you can have a 50% correction at any time and still have the secular bull market in place.”Thorne believes gold remains in a structural repricing cycle and reiterated, “By the end of the decade, I'm saying gold's gonna be 10,000.” However, he cautioned that the safety trade may be crowded and advised investors to rebalance rather than chase momentum. Thorne also outlined what he views as an eventual “Bretton Woods 2.0,” arguing the global system is moving toward a new monetary framework that could incorporate both hard assets and digital infrastructure.Recorded March 02, 2026.00:39 – Is Gold Overheating02:59 – Rotate Into Tech and Crypto04:21 – Mining M&A Still in Early Days05:35 – Inflation, Rates, and Oil Shock07:02 – Is Canada Open for Business?09:11 – Energy Security Wake Up Call12:07 – Bureaucracy vs Competitiveness14:16 – Bretton Woods 2.0 Framework18:44 – Gold Revaluation and US Reserves21:40 – Bitcoin vs Gold OutlookSpecial thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow James Thorne on X: @DrJStrategy (https://x.com/DrJStrategy)#Gold #Silver #PreciousMetals #GoldPrice #Bitcoin #EnergyMarkets #Mining #PDAC2026 #KitcoNews__________________________________________________________________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/kitconewsVisit: 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/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn 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.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.

Gold testing $5,400 is not a temporary surge; it reflects what Wheaton Precious Metals CEO Randy Smallwood describes as a structural shift in markets. Speaking with Kitco News at PDAC 2026, amid escalating Middle East tensions and a sharp move higher in oil, Smallwood said precious metals are entering a new phase driven by fiscal imbalances, currency concerns, and renewed demand for hard assets.“I do think 5,000 is a new base for gold,” Smallwood said. “Gold is a currency. It's been a currency forever.” He argued that the long-held view of the US dollar as the primary reference currency is being reassessed as deficits widen and geopolitical risk intensifies.Smallwood also pointed to silver’s multi-year supply imbalance, noting, “We're consuming more of it than what we're producing,” after peak silver production in 2017 and 2018. His comments come after Wheaton closed a $4.3 billion transaction last week to double its silver exposure at Antamina, positioning the streaming company for what he sees as a sustained monetary and industrial shift.Recorded March 02, 2026.00:40 - CEO Transition and $4.3B Silver Deal02:32 - Gold Above $5,000 and Breakout Drivers03:54 - Energy Costs, Cost Curve, and Mining Margins05:48 - $4.3B Antamina Silver Stream in Peru07:58 - Wheaton’s Growth Engine and Streaming Model10:21 - M&A Pressure and Mine Supply Constraints11:43 - Managing Jurisdiction and Political Risk13:23 - Silver Structural Deficit Since 201716:25 - Industrial Silver Demand and AI Growth17:55 - Silver Volatility and Squeeze Narrative19:15 - Wheaton’s 2030 Production Strategy21:34 - $1M Future of Mining Innovation ChallengeSpecial thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/#Gold #Silver #PreciousMetals #GoldPrice #SilverDeficit #Mining #Streaming #EnergyMarkets #PDAC2026 #KitcoNewsFollow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Wheaton Precious Metals on X: @Wheaton_PM (https://x.com/Wheaton_PM)__________________________________________________________________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/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn 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 thDisclaimer:  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.

Copper has hit a record $6.04/lb, but the physical market is reaching a breaking point. On the opening day of PDAC 2026, Hudbay Minerals ignited the M&A cycle with a US$1.48 billion acquisition of Arizona Sonoran at a 30% premium - a move that confirms the "gun-shy" majors are officially losing their window to buy cheap metal.In this exclusive Copper Panel, Jeremy Szafron sits down with Frank Giustra (Fiore Group) and Ian Harris (CEO, Copper Giant Resources) to discuss a global "Black Swan" event: a bridge collapse that has severed the DRC’s main copper export corridor, effectively cutting off the world’s second-largest producer.With only four "billion-tonne" near-surface assets left undeveloped in the world, the guests break down why the current $6.00 price is just the baseline for a decade-long supply squeeze driven by the AI power crunch and the $1.4 trillion decay of the U.S. electrical grid.The 14¢ vs. 1¢ Valuation GapThe Hudbay deal valued Arizona Sonoran at roughly 15 cents per pound of copper in the ground. Meanwhile, Tier-1 assets like Copper Giant (TSXV: CGNT) are trading at just 1 cent per pound—a massive valuation gap that Frank Giustra calls a "no-brainer" for investors watching the majors scramble for replacement reserves.Timestamps:0:00 - Live at PDAC 20260:11 - Hudbay Deal Sparks M&A Cycle1:03 - Majors Move by Committee: The Risk Aversion Trap2:30 - Scarcity Triggers Dominoes: Only 4 Billion-Tonne Assets Left4:57 - Copper Supply Shock: The DRC Bridge Collapse6:56 - Stockpiles and the "COVID Toilet Paper" Tight Market7:40 - AI and Electrification: The 8 Million Tonne Deficit11:59 - Bull Market and the Junior Mining Rotation14:07 - Tier One Asset Math: 1.1 Billion Tonnes at Mocoa15:46 - Molybdenum: The "Strategic" Byproduct Edge17:57 - Frank’s Macro Playbook: Calling the Copper Cycle21:26 - Colombia: Jurisdiction, Community, and Rule of Law24:52 - Copper Giant 2026 Milestones: The PEA & Expansion26:02 - Wrap Up and Subscribe Recorded March 02, 2026.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/__________________________________________________________________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.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.