Silver Is Selling Below Its Own Spot Price, and Dealers Say That's the Tell | Rich Checkan

Gold just had its worst quarter in over a decade, and the man who moves real physical metal across the counter says buyers did the exact opposite of what makes sense. When the metal went on sale, they walked away.Rich Checkan, President and COO of Asset Strategies International, has spent 30 years on the order counter, the buying, the selling, the panic that never shows up on a price chart. He joins Kitco News from the Rick Rule Symposium 2026 for a ground-level read on what retail actually did through the sell-off.Checkan argues that "gold goes on sale and everybody stands on the sidelines, or they divest," and says contracting premiums and junk silver selling below spot are the real tell of "a hated market," not an overheating one. He lays out the one question every buyer should ask before handing over a dollar, warns which dealers to run from, and explains why he still calls physical metal "the most liquid asset on Earth."Recorded July 07, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Rich Checkan on X: @CheckanRich (https://x.com/CheckanRich)01:52 - Why Buyers Vanish When Gold Dips03:12 - Who's Buying and Who's Selling04:49 - Liquidity Selling and Real Inflation05:51 - Premiums: The Hidden Market Tell07:02 - Silver Inventory and Shortage Myths08:07 - New Gold Buyers in the Bull Market09:19 - How to Buy Physical Gold Safely10:25 - The Buyback Rule and Bad Dealers11:24 - Why Buying Physical Gold Is Easy13:17 - Why Gold Beats Real Estate on Liquidity#Gold #Silver #PhysicalGold #PreciousMetals #RichCheckan #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/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: 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.