The Banks Have ‘Lost Control’: $300 Silver, India’s Bid & the End of Western Pricing - Eric Sprott

In this Kitco News exclusive, Senior Anchor Jeremy Szafron sits down with billionaire investor and Sprott Inc. founder Eric Sprott to break down the unprecedented breakout in the precious metals market. With gold establishing a new normal above $5,227 and silver surging past $92 an ounce, Sprott details why the physical short squeeze is unfolding in real time.We dive deep into the recent CME Globex technical interruption, the drain on Western physical inventories, and why Eastern markets are now fully dictating global price discovery. Sprott also reveals the strategy behind his aggressive capital deployment, including his massive low 40 percent ownership stake in Hycroft Mining, and his recent multimillion dollar sweeps across the junior mining sector with names like Rio Silver and Highlander Silver. From systemic risks mirroring 2008 to quantitative funds fleeing US equities for hard assets, this interview provides critical insights into the resource sector's historic rotation.Recorded February 27 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Timestamps:00:00 Gold Breaks New Normal01:22 CME Halt And Squeeze04:01 India Rewrites Pricing06:32 Silver Ratio Reversion07:52 Offtake Deals Emerging09:02 Hycroft Mega Resource11:12 Junior Miners Catch Up12:10 Nortel Effect In Gold13:19 Picking Winners At $15014:42 Institutions Finally Arrive15:58 Liquidity And Deal Pricing17:19 Hunting Hidden Gems18:38 Jurisdiction Risk Check20:16 Majors Missing the Cycle21:36 Buyout Fears and Upside23:03 Risk Rules for Newcomers24:12 Do Metals Hedge Crashes26:28 Price Decks and Cutoff Grades27:46 Speed of the Bull Market29:05 Wrap Up and PDAC#KitcoNews #EricSprott #SilverSqueeze #Gold #Silver #MiningStocks #PDAC2026 #Commodities #Investing #Macro__________________________________________________________________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/kitconewsLive 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.