Is silver finally ready to explode higher? In our first silver series interview this month, Crescat Capital’s Tavi Costa joins Wealthion’s Trey Reik to share why he believes silver is entering a powerful new bull market, and why most investors still don’t see it coming. From surging industrial demand for solar and AI infrastructure, to a historic supply crunch and under-the-radar central bank buying, Tavi explains why silver may be the most undervalued macro asset on the planet. 💡Want to learn more? Sign up to get our free investing report on silver here: https://wealthion.com/silver/ Tavi also shares: - Why silver could enter a “discovery phase” that sends its price to triple digits - How Crescat gained 60–70% silver exposure through contrarian acquisitions - The untold story of Bolivia’s San Cristobal mine Crescat deal - Why silver’s monetary role hasn’t even kicked in yet - The macro setup: inflation, stagflation, and the coming dollar breakdown - What sectors to avoid (hint: the mega-cap “spenders”) - Where he’s bullish beyond silver: copper, zinc, and energy Whether you’re a silver bug or a macro investor, this is one of the most insightful commodity interviews of the year. This is the first installment of Wealthion’s August Silver Interview Series. To watch our second silver-focused interview with Francis Hunt, click here: https://youtu.be/lS9md-jwdWg 💡Concerned about Markets? Get a free portfolio review with Wealthion’s endorsed financial advisors at https://bit.ly/4lrWWcA 💡Wealthion and SCP Resource Finance will bring together the world’s top silver experts this October in Toronto. Learn more about our Global Silver Conference here: https://wealthion.com/silverconference2025/ 💡Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Chapters: 01:03 - Is Silver Still the Most Undervalued Metal? 03:49 - Why Did Silver Lag—and What’s Next? 09:05 - Silver’s Demand: Industrial vs Monetary? 13:32 - 100% Capex Expensing—Is That Right? 19:16 - Silver’s Supply–Demand Deficit & Byproduct Constraints 24:06 - Best Ways to Play Silver 27:56 - Names to Research: High-Grade Silver Plays 29:09 - Crescat’s Portfolio Mix: Gold vs Silver 31:04 - San Cristobal: What’s the Story? 35:00 - Exploration Plans: Drilling Aggressively? 37:02 - Beyond Silver: Copper, Uranium, Rare Earths? 39:00 - Zinc Today: Price Context 41:03 - Crescat’s Macro View on Stocks & Bonds 43:42 - ⭐️ Wealthion Golden Nugget: We’re Heading Towards Stagflation 45:50 - Where Not to Be: Sectors to Avoid Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Silver #SilverInvesting #PreciousMetals #Commodities #MacroInvesting #Inflation #Gold #AI #ConstructionBoom #TaviCosta ________________________________________________________________________ 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. ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.