Kinesis Money, Released on 5/7/26

In this week’s Live from the Vault, Andrew Maguire explains how gold’s status as a globally recognized reserve asset is now shining a direct spotlight on silver’s undervaluation, as central banks accelerate their conversion of dollars into physical gold. With COMEX open interest at historic lows and a persistently high Shanghai silver premium exposing Western markets’ inability to deliver, the precious metals expert outlines why he sees a physically driven repricing of gold and silver as inevitable.

00:00 Start
01:28 COMEX open interest falls as institutional exodus to physical markets grows
05:06 Yuan-to-gold convertibility and the end of dollar-settled pricing
12:34 Central banks cut Treasury holdings as de-dollarisation accelerates
17:11 China’s market reopening triggers immediate gold and silver rally
21:17 Silver coiled for breakout as PBOC absorbs global supply
28:57 London silver benchmark loses grip as Shanghai premium persists at 13%
32:31 COMEX May silver deliveries exposed at mismatched prices

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, gold, silver