About this episode

Rick Rule discusses the reasons behind silver's price decline and his investment strategies in this episode of The Real Story with Michelle Makori.

Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, speaks with legendary investor and speculator Rick Rule at the 2026 Rule Symposium in Boca Raton. Rule explains why silver plunged from roughly $120 to $60, why he believes the decline was driven almost entirely by sentiment, and why the silver deficit may actually be getting worse. He reveals why he sold 80% of his physical silver after the market went parabolic, which silver equities he is buying now, and how banks can manipulate silver prices in the short term. Rule also lays out his long-term outlook for $15,000 gold, $300 silver, and a structural oil shortage that he says cannot be solved by a ceasefire. In this episode of The Real Story with Michelle Makori: - Why silver fell 50% despite strong supply-and-demand fundamentals - Why Rick Rule sold 80% of his physical silver and moved into silver equities - How short-term silver manipulation actually works in physical and futures markets - Why Rick believes silver’s supply deficit is getting worse - His long-term outlook for $15,000 gold and $300 silver - Why structural underinvestment could trigger the next major oil shortage Follow Michelle Makori on X…

People in this episode

Host: Michelle Makori

Guest: Rick Rule

Topics covered

• silver market
• investment strategies
• market manipulation
• supply and demand
• gold and silver outlook
• oil shortage

Keywords

• silver collapse
• Rick Rule
• investment
• market manipulation
• gold price
• oil shortage
• supply deficit

Mentioned in this episode

Organizations: Miles Franklin Media

Places: Boca Raton

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• Gold at $6,000, Silver at $120 as Commodity Wars Escalate | Nomi Prins & Michelle Makori · July 11, 2026 · 31 min
• Trader Who Saw 1987, 2000 & 2008 Warns: ‘I Can See a Collapse Coming Now’ | Todd ‘Bubba’ Horwitz · July 6, 2026 · 1h 7m
• He Called Gold’s Breakout – Now He’s Over 50% Cash & Not Ruling Out 80% Market Crash · July 3, 2026 · 1h 11m

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