John Ciampaglia, CEO of Sprott Asset Management, meets with James Connor of Bloor Street Capital. Ciampaglia explains that silver’s sharp rise reflects a long-awaited “catch‑up trade” driven by years of supply deficits and its growing industrial and strategic importance. Despite short‑term turbulence driven by speculation and geopolitical dynamics, particularly involving China, Ciampaglia remains constructive on silver’s long‑term fundamentals and advises investors to focus on gradual, disciplined positioning.

Maria Smirnova, Sprott Chief Investment Officer, joins James Connor of Bloor Street Capital to discuss Sprott's outlook on silver. Smirnova views recent gold and silver volatility as a healthy correction in a bull market, driven by strong fundamentals like supply deficits and rising global demand rather than speculative excess. Smirnova outlines Sprott’s long-term, disciplined approach and stresses patience and conviction.

For nearly three decades, Justin Tolman has chased discovery across more than 40 countries, applying boots-on-the-ground geology to transform mineral potential into economic value. Discover how a “renaissance geologist” transforms field insight into differentiated investment intelligence in a world where demand for precious metals and critical minerals is only accelerating.

Gold and silver surged to record highs in January before experiencing technically driven sell-offs. Geopolitical fragmentation, capital conflict and eroding confidence in fiat systems is reshaping what investors consider truly safe. In this emerging monetary regime, gold and silver are asserting their roles as neutral, "outside money" with strong long-term drivers.

As global markets adjust to deglobalization and fiscal dominance, capital is flowing decisively into gold, silver, uranium, copper, rare earths and other critical materials. In this webcast, we break down what’s driving these moves and share our perspective on the most compelling opportunities for the year ahead.

Uranium enters 2026 with renewed momentum as spot prices move back above $100/lb, mining equities reprice materially, and utility demand re-emerges following prolonged under-contracting. Strengthening U.S. policy support and tightening supply conditions reinforce the case for higher incentive pricing and potential upside across physical uranium and mining equities.

Copper’s record run is being driven by tightening supply, strategic demand and rising policy risk, setting up a strong outlook for 2026. Major disruptions and collapsing treatment charges highlight a market firmly in deficit. With AI growth, defense spending and grid modernization accelerating demand, we believe copper and related equities remain well supported.

What are the 10 most important themes impacting global markets in 2026? We explore issues from deglobalization and fiscal dominance to the surge in gold, silver and critical materials, and provide our view of where opportunities and risks may be emerging.

Metals delivered standout performance in 2025, led by exceptional gains across the precious metals complex. Gold surged 64.58%, reaffirming its role as a core portfolio diversifier, while silver soared 147.95% and platinum climbed 127.04%, outperforming traditional asset classes significantly. Palladium added to the strength with a 77.51% gain, underscoring broad-based momentum across precious metals.