‘Silver Is Next’: Why Central Banks Could Spark an Epic Silver Repricing | Tavi Costa

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Tavi Costa, Partner & Macro Strategist at Crescat Capital, about the explosive setup in silver and gold. Costa says silver could “easily quadruple from these levels” and reach triple digits, as central banks accelerate their pivot out of Treasuries and into hard assets. Costa explains why central banks may soon add silver to reserves, why miners remain deeply undervalued, and whether governments could eventually nationalize mines. This interview dives into the global monetary reset, China’s push to custody foreign gold, and why silver may be on the verge of a historic breakout. Key highlights: Central banks now hold more gold than U.S. Treasuries for the first time since 1996 Silver as a monetary metal: “The most attractive investment of my career” Why central banks could be next to buy silver directly Triple-digit silver: catalysts for prices to easily quadruple Miners: still priced for $2,500 gold despite record highs above $3,800 Nationalization risk: could governments seize mines in the future? Disclosure from Crescat: “The opinions and information shared by Tavi in this discussion are his own, and not necessarily those of Crescat. Any investments discussed may or may not be held by Crescat. Investments carry risk including risk of loss.” #silver #silverprice #gold #economy Follow Michelle Makori on X: https://x.com/MichelleMakori Follow Miles Franklin Media on X: https://x.com/MilesFranklinCo Follow Tavi Costa on X: https://x.com/TaviCosta 00:00 Coming Up 00:54 Introduction: Gold & Silver 05:29 Global Rebalancing & Gold 08:04 Impact of Inflation & Debt 18:06 China's Role in Gold Custody 24:36 Mainstream Endorsement of Gold 30:06 Valuation of Mining Companies 38:15 Gold Mining ETFs & Market Trends 40:34 Institutional Engagement in Mining 41:08 Sovereign Investments in Mining 43:35 U.S. Government's Role in Mining 46:52 AI Arms Race & Industrialization 48:05 Silver as a Strategic Asset 49:06 Central Banks & Silver 51:05 Silver Price Projections 01:04:11 Bear Case for Silver 01:05:43 Mining Companies to Watch 01:07:49 Emerging Markets & Final Thoughts 👍 Like, 🔔 Subscribe, and Stay Informed Join Miles Franklin Media for expert interviews, market insights, and real-time coverage of gold, silver, Bitcoin, and global economics. Hit the bell to get notified the moment new content drops – don’t miss a move in the markets. ___________________ Miles Franklin: 📞 Call us: 1-952-929-7006 📧 Email us: [email protected] 🔗 Website: https://milesfranklin.com/ ▶️ YouTube: https://youtube.com/MilesFranklinCo?s... 📱 X: https://x.com/MilesFranklinCo 📸 Instagram:   / milesfranklinmedia   💼 LinkedIn:   / miles-franklin-9a6632369   📘 Facebook: http://fb.com/MilesFranklinCo 📩 For media inquiries, contact: [email protected] 📺 About Miles Franklin Media Join Miles Franklin Media for unfiltered financial and economic news and insights. Through expert interviews and real market intelligence, we cut through the noise and challenge the mainstream narrative. Anchored in the principles of sound money, we uncover the truth about money, markets, macroeconomics, geopolitics, and power – delivering credible insights to help you protect your wealth, future, and freedom. 🏦 About Miles Franklin Miles Franklin is a trusted leader in wealth preservation, with over $11 billion in precious metals sales since 1989. Specializing in gold and silver, we help clients safeguard their wealth with real assets that stand the test of time. ___________________ Disclaimer: The views and opinions expressed in this video are those of the individual speakers and do not necessarily reflect the views of Miles Franklin Precious Metals, its affiliates, owners, anchors, producers or hosts. This content is provided for informational and educational purposes only and is not intended as financial, legal, or investment advice. Nothing said in this video should be construed as a recommendation to buy or sell any financial asset. You should always consult with a qualified financial advisor, legal professional, or tax expert before making any investment decisions. Investing involves risk, including the potential loss of principal. By watching this video, you agree that neither the hosts, guests, nor Miles Franklin Media are responsible for any investment decisions you make based on the information presented. Use of this content is at your own risk.