Recorded on June 17 2026 at NRS Studios
Aya Gold & Silver Inc. TSX: AYA | Nasdaq: AYA
Steve Yang sits down with Peter Krauth, author of The Great Silver Bull and publisher of Silver Stock Investor, for a deep silver market breakdown focused on the next stage of the silver bull cycle. Peter explains why silver may be moving beyond the stealth phase, why the recent pullback could be a bear trap, and why triple-digit silver may return sooner than many investors expect.
The conversation covers Peter’s $300 silver target, industrial silver demand, solar panels, exchange inventory drawdowns, and why higher prices may not quickly solve silver supply shortages. Peter also walks through how he thinks about building a silver allocation across physical metal, ETFs, majors, mid-tier producers, and junior explorers.
He shares what he looks for in silver equities, including management quality, true silver exposure, capital structure, jurisdiction, and the ability to communicate a clear market story. The discussion also includes Aya Gold & Silver, Morocco, Zgounder, Boumadine, GDX inclusion, and why U.S. market access matters for silver companies. #Millettian
Key topics
Silver’s move out of the stealth phase
The silver bear trap setup
Triple-digit silver and Peter Krauth’s $300 target
Why silver supply is price inelastic
Industrial demand, solar panels, and silver as money
How to structure a silver portfolio
What separates real silver companies from pretenders
Jurisdictions Peter is watching in the silver sector
Aya Gold & Silver, Morocco, Zgounder, and Boumadine
Why precious metals miners may become cash machines
Guest links
Silver Stock Investor
https://silverstockinvestor.com
Peter Krauth Substack
https://peterkrauth.substack.com
Silver Stock Investor on The Gold Advisor
https://thegoldadvisor.com/newsletter/silver-stock-investor/
The Gold Advisor
https://thegoldadvisor.com
The Great Silver Bull
https://silverstockinvestor.com/thegreatsilverbull/
Peter Krauth X
https://x.com/peter_krauth
Peter Krauth LinkedIn
https://www.linkedin.com/in/peter-krauth
Aya Gold & Silver
https://www.ayagoldsilver.com
Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
X https://x.com/SteveYangStocks
LinkedIn https://www.linkedin.com/in/steveyangstocks/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Triple-digit silver and the $300 target 00:51 Steve Yang introduces Peter Krauth 01:32 Fed reaction and silver price setup 02:19 Silver bull market phases and the bear trap 05:29 How close silver may be to $300 07:29 Solar demand and energy security 08:25 Silver as money versus industrial demand 12:02 Substitution, copper, and solar panels 17:23 Why silver supply cannot respond quickly 22:25 Physical silver, ETFs, majors, and juniors 23:37 How Peter filters silver stocks 26:28 Jurisdictions Peter is watching 30:49 Aya Gold & Silver and Morocco 34:46 Silver Stock Investor and The Gold Advisor 35:59 Why this silver bull market could be one for the record books 38:25 Silver miners, margins, and cash flow 40:56 Closing thoughts
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