Physical Silver Vanishing Fast as Global Buyers Drain Supply, Insider Issues New Alert

A massive silver price breakout may be just around the corner—and this time, it’s real. In this exclusive Kitco News interview, Phil Baker, former Chairman of The Silver Institute and past CEO of Hecla Mining, issues a critical warning: insatiable physical demand is triggering a global silver supply crisis.

Speaking with Jeremy Szafron, Baker shares firsthand insights from his recent trip to the Perth Mint, where staff told him silver demand has “exploded.” But it’s not just investor appetite driving this surge—it’s a generational shift. Families inheriting silver are refusing to sell, turning what was once a tradeable asset into a permanent store of value.

Baker explains why this silver rally is structurally different from the fake-outs of 2011 and 2020, and why he believes $50 silver is not the ceiling—it’s just the beginning. With $80 silver in play, Baker says the market is about to reprice violently, as paper silver decouples from the physical market. If you're not prepared for this shift, you could miss the biggest silver run in decades.

Topics covered:
-An exclusive, firsthand report from inside the Perth Mint.
-The disconnect between the physical and paper silver markets.
-Why the current silver deficit is in its fifth year and getting worse.
-The psychology of the 'new' silver investor and why heirs are no longer selling.
-Why this rally is different from the 'fake-outs' of 2011 and 2020.
-The performance of silver miners and access to capital for explorers.
-His forecast for a price 'shock' and a long-term silver price 'significantly higher than $50'.

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
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00:00 Introduction and Market Overview
00:39 Paper vs. Physical Silver Market
00:58 Interview with Phil Baker
01:27 Insights from the Perth Mint
02:51 Global Silver Demand
04:40 Silver Supply Constraints
06:21 Industrial and Physical Demand
07:47 Silver as a Critical Mineral
10:18 Investment Trends in Silver
13:13 Market Risks and Opportunities
16:31 Future of Silver Prices
27:26 Conclusion and Viewer Engagement

#silverprice #silver #investing #preciousmetals #silverstacking #COMEX #physicalsilver #miningstocks

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