Video News/In Focus with Jeremy Szafron

Eric Sprott, Chief Executive Officer of the Eric Sprott Family Office, says the precious metals market is undergoing a structural shift as physical demand tightens supply. Speaking with Kitco News Senior Anchor Jeremy Szafron, Sprott discussed gold trading above $5,200 and silver moving past $90, arguing that Western pricing influence is diminishing. He said banks have “lost control” of the silver market and outlined why he believes a sustained physical squeeze is developing. Sprott examined the recent CME Globex interruption, inventory drawdowns, and the growing role of Eastern demand in price discovery. He also detailed his capital deployment strategy, including a roughly 40% ownership stake in Hycroft Mining and investments across junior miners such as Rio Silver and Highlander Silver. Sprott reiterated his long-term price outlook, stating that $5,000 gold is now realistic and that higher silver prices remain possible if physical supply constraints persist.