Silver Is Set to Explode, Gold Has Surpassed the Euro - We’re Just Getting Started
Silver Is Set to Explode, Gold Has Surpassed the Euro - We’re Just Getting Started | Randy Smallwood
Kitco News: 6-23-2025
Silver is trading above $36, and Wheaton Precious Metals CEO Randy Smallwood says “it’s the most explosive metal right now.”
In this Kitco News interview, Smallwood explains why the setup for silver and gold is the strongest he’s seen in 20 years, how central banks are driving a structural shift in global reserves, and why Wheaton is positioned to grow 40% without lifting a shovel.
Kitco News anchor Jeremy Szafron also asks about the Middle East escalation, the new ECB data showing gold has overtaken the euro as the world’s second-largest reserve asset, and whether the U.S. dollar’s dominance is at risk.
Wheaton, a $40 billion streaming and royalty firm, has deals across gold, silver, copper, and platinum group metals.
Smallwood breaks down current strategy, macro tailwinds, and where long-term value is hiding in the precious metals space.
Key topics:
-Silver’s explosive upside and price potential
-Why gold has overtaken the euro in global FX reserves
-Central bank gold buying led by China, India, Turkey
-Wheaton’s 40% projected growth and no-capex model
-De-dollarization and global trust erosion in fiat
-Why this is the best setup for metals in decades
00:00 Introduction and Current Middle East Tensions
01:05 Market Reactions to Geopolitical Events
01:35 Gold's Role in Global Instability
02:13 Interview with Randy Smallwood: Precious Metals Insights
04:03 Gold vs. US Dollar: A Deeper Analysis
08:17 Silver Market Trends and Predictions
12:07 Wheaton Precious Metals' Strategic Approach
19:25 Global Resource Race and Policy Challenges
28:10 Conclusion