The dawn of the Silver Yuan [Video]
|In this week’s Live from the Vault, Andrew Maguire examines how last Friday’s price drop in gold and silver showed the market had reached a turning point, with physical holders staying firm while derivative trading caused most of the decline.
The London wholesaler explains how Chinese regulators and strong buying at the Shanghai Gold Exchange are stabilising markets, prompting momentum shorts to cover and laying the groundwork for a structurally supported rally in both metals.
Timestamps:
- 00:00 Start
- 01:46 Derivative silver sell-off exhaustion and Friday reversal
- 05:54 Concentrated silver short exposed; regulatory investigations begin
- 10:10 Short concentration, Comex stress and delivery risk
- 14:50 Silver monetisation strategy and the golden yuan corridor
- 21:42 Technical inflection: 50-day defence and backwardation spike
- 24:38 Central bank gold accumulation and tokenised bullion growth
- 31:55 Bullion bank positioning, OCC exposure and price projections
- 37:13 Lunar New Year positioning and short-term outlook
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.