Kinesis Money, Released on 3/14/25

In this week’s Live from the Vault, Andrew Maguire welcomes back Craig Hemke to examine a surge in silver deliveries from COMEX as widening futures spreads, large metal transfers, and rising physical demand signal a fundamental shift in the market. Hemke explores growing pressure on short positions and historical parallels with the 2011 silver squeeze, while discussing whether recent gold and silver volatility is linked to Trump’s election and broader financial instability globally.

00:00 Start
02:48 Silver deliveries, vault movements surged, linked to market shifts
05:34 COMEX silver deliveries may go up to 100 million ounces
08:41 Silver shortages, delivery delays may be linked to growing demand
12:09 Refining delays, global demand disrupting markets
18:26 Physical silver, demand may expose flaws in derivative pricing
27:58 Discussion of gold-backed treasuries, sovereign wealth fund potential
38: 46 Discussion on precious metal audits, supply shortages, global financial systems
50: 22 Physical gold, silver are the real assets – protect your wealth

Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.

Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.

  andrew maguire, comex, Craig Hemke, gold, precious metals, silver