Silver Shortage: Is This the Start of Silver’s Biggest Rally Ever? | Josh Phair CEO Scottsdale Mint

In this explosive episode of Ask the Experts, Craig Hemke for Sprott Money is joined by Josh Phair, CEO of Scottsdale Mint, to dissect the incredible moves in the silver and gold markets this October. With the price of silver surging past $50 and the price of gold breaking new records, are we entering a new era for precious metals? Josh explains the “metal war” now underway — with global buyers outnumbering sellers and supply chains under strain from London to the COMEX. They discuss why silver shortages, refinery backlogs, and high lease rates are shaking the system, and how central banks, BRICS nations, and industrial demand are driving the momentum of both gold and silver prices. Whether you’re looking to buy gold, buy silver, or just understand what’s happening in the physical metals market, this podcast delivers critical insight. Note - This Ask The Expert Session was recorded on October 15, 2025.