In this interview, silver expert Peter Krauth—author of "The Great Silver Bull" and editor of Silver Stock Investor—breaks down the explosive 140% silver price rally that pushed prices beyond $70 per ounce, revealing the perfect storm of physical supply tightness, draining exchange inventories, structural market deficits, and shifting investor sentiment toward precious metals as safe havens. Krauth discusses why mine supply peaked back in 2016, forecasts record-high deficits for the next five years, addresses concerns over potential short-term corrections and manipulation theories, and shares critical lessons for investors on avoiding over-leveraging while positioning for the ongoing bull market. Whether you're considering physical silver, ETFs, or mining stocks, this in-depth discussion offers actionable insights on why the silver bull market may still have significant upside ahead in 2026 and beyond.

🗓️ Recording date: December 23, 2025

📖 Chapters
00:00 – Intro
01:28 – Why Silver Surged 140% to $70+: Physical Tightness, Inventories & Investor Shift
05:48 – Risk of Short-Term Correction at $70? Overheating Signs
09:35 – Manipulation vs Real Shortage: Breakdown in Suppression?
13:06 – Current Deficits vs 2021 Squeeze: Record Shortages Ahead
17:46 – Market Sentiment: No Euphoria Yet – Retail Still on the Sidelines
18:51 – Silver Miners in 2025: M&A Boom & Explosive Capital Raises
21:11 – Key Lessons for Investors
25:53 – Gold/Silver Ratio Outlook for 2026
26:06 – Where to Find Peter's Book & Newsletter