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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. Full video at Kitco: https://t.co/GhXm6RANdD 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 2026 Timestamps: 00:00 Gold Breaks New Normal 01:22 CME Halt And Squeeze 04:01 India Rewrites Pricing 06:32 #Silver Ratio Reversion 07:52 Offtake Deals Emerging 09:02 Hycroft Mega Resource 11:12 Junior Miners Catch Up 12:10 Nortel Effect In Gold 13:19 Picking Winners At $150 14:42 Institutions Finally Arrive 15:58 Liquidity And Deal Pricing 17:19 Hunting Hidden Gems 18:38 Jurisdiction Risk Check 20:16 Majors Missing the Cycle 21:36 Buyout Fears and Upside 23:03 Risk Rules for Newcomers 24:12 Do Metals Hedge Crashes 26:28 Price Decks and Cutoff Grades 27:46 Speed of the Bull Market 29:05 Wrap Up and PDAC