Kinesis Money, Released on 4/4/25

In this week’s Live from the Vault, Andrew Maguire discusses how China’s strong physical silver buying is challenging the paper market, with liquidity providers exploiting the widening EFP spread to push the market towards physical settlement. As Chinese and Indian demand intensifies, it unfolds a structural shift in the silver market, exposing the fragility of paper-based pricing and setting the stage for a breakout as silver moves further away from futures pricing.

00:00 Start
02:08 Gold surges as physical demand overtakes paper manipulation
06:56 Massive gold demand drives record deliveries, forecasts
12:11 Physical gold demand squeezes paper market to comply
18:55 Silver poised to outperform gold amid breakout
25:59 Silver shorts vulnerable; breakout nears amid strong demand
31:45 Gold and silver squeeze continues; dips bought, reset looms

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, china, gold, silver, Trump