Shawn Khunkhun: Uncovering the Silver Deficit | Surging Demand and Next Stop $75

Sep 30, 2025

Shawn Khunkhun, CEO of Dolly Varden Silver Corp and a mining industry veteran, shares his bullish outlook on silver's unique role as both a monetary and industrial metal. He emphasizes a significant supply deficit, predicting prices could surge beyond $50, potentially hitting $75 or even $150. The conversation explores rising monetary demand, central bank interest, and the challenges of increasing silver supply. Khunkhun also discusses investment strategies, suggesting physical bullion and royalty companies as smart ways to gain exposure to this undervalued asset.

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INSIGHT

Silver To Break Higher

Shawn Khunkhun expects silver to breach $50 and see $75 as the next major level.
He argues the market's fundamentals are 'wildly bullish' after a 50% move since April.

ANECDOTE

Personal Origins In Precious Metals

Shawn recounts growing up in an Indian immigrant family where gold was given for milestones.
He entered mining at 22 and shifted to precious metals after learning monetary history.

INSIGHT

Silver Outperforms After Gold Leads

Silver historically behaved as money and lagged then outperformed in bull markets.
Shawn positioned in silver because it tends to outperform after gold leads.

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Stijn Schmitz welcomes Shawn Khunkhun to the show. Shawn Khunkhun is CEO, President, & Director, Dolly Varden Silver Corp. In this podcast, Khunkhun provides an in-depth analysis of the silver market, highlighting its unique position as both a monetary and industrial metal. With a background rooted in mining and precious metals, Khunkhun is deeply bullish on silver, believing the current market conditions are exceptionally favorable.

Khunkhun emphasizes that silver is experiencing a significant supply deficit, consuming 200-250 million ounces more annually than current production and recycling can provide. He argues that silver is critically important in the emerging green economy, being essential for solar panels, electric vehicles, and various industrial applications. Historically, silver has maintained a 10-15:1 ratio with gold, which aligns with its natural abundance in the earth’s crust.

The discussion reveals that silver is currently trading well below its inflation-adjusted historical highs, suggesting substantial potential for price appreciation. Khunkhun predicts silver could breakthrough $50 and potentially reach $75 or even $150 when accounting for inflation. He points to increasing monetary demand, central bank interest, and growing investor awareness as key drivers for silver’s potential surge.

Regarding investment strategies, Shawn recommends various approaches for exposure to silver, including physical bullion, royalty companies like Wheaton Precious Metals, silver-focused ETFs, and primary silver mining companies. He highlights the limited number of primary silver producers and the challenges of developing new mining projects. He is particularly optimistic about silver’s long-term prospects, citing fundamental supply constraints, increasing industrial demand, and its role as a hedge against inflation and economic uncertainty. Shawn believes the current market represents a unique opportunity for investors to gain exposure to a historically undervalued asset with significant potential for growth.

Timestamps:
00:00:00 – Introduction
00:00:52 – Sean’s Personal Background
00:02:38 – Why Silver Now
00:04:18 – Silver Price Crunch Explained
00:10:51 – Demand Dynamics Breakdown
00:15:07 – Central Bank Silver Demand
00:16:33 – Investor Demand Awakening
00:20:19 – Mining Supply Challenges
00:22:35 – Recycling Supply Potential
00:26:06 – Historical Price Parallels
00:32:03 – Gold Price Targets
00:34:33 – Price Suppression Discussion
00:36:26 – Investing in Silver Miners
00:40:05 – Concluding Thoughts

Guest Links:
Website:: https://dollyvardensilver.com
X: https://x.com/SilverVarden
LinkedIn: https://www.linkedin.com/company/dolly-varden-silver-corp
YouTube: https://www.youtube.com/channel/UCK4YE6ftyxv4G-6zu9BYJvgerved=0

Mr. Shawn Khunkhun has over 20 years of expertise in capital markets and mineral exploration, with a strong focus on creating shareholder value. Over his career, he has facilitated over $2 billion in capital raises, playing a transformative role in advancing exploration, development, and production companies. In his leadership roles as CEO, Director, and Executive Chairman, Mr. Khunkhun has been instrumental in elevating the profiles of undervalued companies and driving strategic growth.

Mr. Khunkhun’s success in incubating and scaling companies through capital raises, acquisitions, and spinouts is powered by an extensive network of high-net-worth investors, private equity, institutional investors, analysts, brokers, and bankers.

Mr. Khunkhun currently serves as a Director of Goldshore Resources and Gladiator Metals and as Director & Executive Chairman of Strike Point Gold. Additionally, he advises West Red Lake Gold Mines, Nations Royalty, and NexGold and is the Founder of Argenta Silver.