🚨 Eric Sprott on Silver Supply, Demand & Market Manipulation #shorts
Sprott Money Jun 25, 2026
Summary
Silver has run a supply deficit for six consecutive years, which Sprott argues underpins the metal's strength despite the recent correction.
Sprott says people from major United States banking institutions have gone to jail for manipulating the price of silver.
He argues banks are effectively the only shorts in COMEX (the main silver futures exchange), so the correction inflicted heavy losses.
Rapid exchange margin increases, Sprott contends, amplified the correction and blew out traders already caught on the wrong side.
Eric Sprott's takeaways
- Top takeaway Sprott asserts that people from very big U.S. banking institutions have gone to jail for manipulating the price of silver, so he sees ongoing manipulation as no surprise.
- He argues the fundamental picture in silver remains strong: industrial demand plus a supply shortage now running into a sixth consecutive year (as of June 2026).
- He claims banks are effectively the only shorts in silver, got totally caught offside, and were losing what he calls gargantuan amounts of money.
- He points to the huge correction in which everyone gets blown out, aided by CME's instantaneous margin rate increases.