##  [# Metals Boom Explained: Silver, Copper & the New Commodity Cycle](/sections/features/metals-boom-explained-silver-copper-new-commodity-cycle) 

 

# Metals Boom Explained: Silver, Copper & the New Commodity Cycle

 

 

Sprott Asset Management CEO John Ciampaglia explains what’s driving the metals rally.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Jan 15, 2026

 Edited by: ETF.com Staff

 

 

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Precious metals and industrial metals are having a historic run, with gold, silver, copper, and uranium all hitting record highs. In this video, ETF.com Senior Analyst Sumit Roy sits down with John Ciampaglia, CEO of Sprott Asset Management, to break down what’s behind the surge.

Ciampaglia explains how central bank gold buying, declining confidence in Treasuries, electrification, AI-driven power demand, and reshoring supply chains are reshaping the commodity landscape. He also discusses why silver’s rally has outpaced gold, why copper faces long-term supply constraints, and how investors are approaching metals through physical exposure, miners, and diversified ETFs.



 

 

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 [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) 

 

 

  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


 Related Topics  [Metals &amp; Mining](http://www.etf.com/topics/metals-mining) 

 [Metals](http://www.etf.com/topics/metals) 

 [Gold](http://www.etf.com/topics/gold) 

 [Silver](http://www.etf.com/topics/silver) 

 [Gold Miners](http://www.etf.com/topics/gold-miners)