In this week’s Live from the Vault, Andy Maguire exposes the Chinese and Indian deep-pocket traders who aggressively capitalise on the $1000-per-contract silver futures price divergence.
As the COMEX-driven backwardation reaches unprecedented extremes, the London wholesaler analyses the increasing potential for the freshly-emerged competitors to ignite the massive silver short squeeze.
Timestamps
00:00 – Start.
01:40 – Gold and silver action summary since the last episode.
09:15 – Silver sharks swimming into the COMEX backdoors.
17:45 – How can this new competition affect the ETF flywheel?
23:50 – Gold – Looking at the short and medium-term picture.
