What Was Really Behind Silver's Recent Pullback

In this appearance on the Flyover Conservatives podcast, Dr. Kirk Elliott looks past the headlines on a recent pullback in gold and silver. While rising Treasury yields and oil prices were cited as the cause, he explains why he sees options expiration and the unwinding of long positions in the paper markets as the larger factor, and why he believes the fundamentals of tight supply and steady demand have not changed. He discusses the critical minerals list, proposed price floors, and tariff uncertainty drawing silver into US inventories, and why he believes that tightens supply in London, where the physical market is sourced, much as conditions tightened late in 2025. He also covers Tether's move into silver and technical analysis suggesting the metals are no longer overbought, and encourages viewers to stay focused on fundamentals rather than distractions. He frames physical metals as assets investors may want to consider and invites viewers to schedule a consultation with the KEPM team.