COMEX Silver Bought Back By Refiners For First Time In History

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by Kinesis Money
Tuesday, Aug 31, 2021 - 5:39

Make sure you catch the next episode of Live from the Vault, where Andrew Maguire shares insights and analysis on the gold and silver markets. Subscribe.

This week, Andrew Maguire explores the unique conditions that have seen refiners buying back COMEX physical silver for the first time in the history of the Silver Futures market. 

With his usual surgical analysis of the markets, the precious metals expert timelines the events that have helped form the perfect base for gold and silver to rally. The long-time wholesaler highlights an intriguing correlation between current market conditions and March’s implosion of the EFP conduit, only adding fuel to the fire. 

About Kinesis 
Kinesis is a revolutionary monetary system, based 1:1 on allocated physical gold and silver. Through blockchain technology, Kinesis enables the global community to instantly purchase, trade, send and spend physical precious metals. The Kinesis Money platform is bringing back a true store of value to the global economy while rewarding all who participate with a series of yields.

For fresh technical analysis on the gold and silver markets, read our update - here.

Read the ultimate guide to gold-backed cryptocurrency - here.

In case you missed it, in last week's Live from the Vault, Andrew Maguire and special guest, Marc Faber, discuss gold and the inflationary impact of endless US money printing. Watch here.