A silver price shock is coming. In this exclusive interview, former CT Chairman of The Silver Institute Phil Baker warns Kitco’s Jeremy Szafron that “insatiable” physical demand is creating a historic supply deficit that could lead to a violent repricing of the metal. The former CEO of Hecla Mining reveals why the current silver rally is fundamentally different from the “fake-outs” that frustrated investors in 2011 and 2020. Baker provides an on-the-ground report from his recent trip to the Perth Mint, where he was told physical demand has “exploded”. He also reveals a fascinating sociological shift: heirs are no longer selling their inherited silver, creating a “long-term generational sort of asset” that is permanently tightening the market. Why does he believe the silver price will go “significantly higher than $50” and that an “$80 silver” price is “certainly possible”? Watch now to find out.
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