in this conversation with Andy Schectman of Miles Franklin, we examine why gold and silver are pushing into what looks like a genuine price discovery phase. Andy explains how record levels of physical delivery on COMEX and the LBMA signal a breakdown in the paper based system that has controlled pricing for decades.
The discussion focuses on the macro forces driving this shift. Central banks and sovereign players are no longer rolling contracts or accepting cash settlement. They are demanding metal, repatriating reserves, and stockpiling strategic resources. Andy connects this trend to declining trust in currencies, sanctions, fiscal policy, and the growing use of financial infrastructure as a geopolitical weapon.
We also cover why silver being labeled a critical mineral matters, how institutional accumulation is accelerating, and why the scale of recent deliveries is something Andy says he has never seen in 35 years in the business. The takeaway is not short term price action, but a structural change in how gold and silver are valued globally.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
