Opportunities in Precious Metals and Critical Materials in Today's Market

AI desk brief

Sprott’s Tom Quigley says industrial applications account for about 59% of silver use, including photovoltaics and EVs, and characterizes its 2025 performance as a repricing toward its industrial role. He also reports interest in Sprott’s physical gold trust and links gold’s appeal to central-bank reserve diversification, without quantifying holdings changes or purchases. These demand channels could support precious metals, but the interview establishes no near-term price direction. Quigley distinguishes physical exposure from mining equities’ operational leverage and additional risks; the presentation cautions that its forward-looking views are not predictive.