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Gold’s HALO Shines Spotlight on Silver

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by Kinesis Money
Thursday, May 07, 2026 - 15:23

In this week’s Live from the Vault, Andrew Maguire explains how gold's status as a globally recognised 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.

Timestamps:

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 

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The opinions, analyses, and predictions expressed by Andrew Maguire and any guests in this content are their own and do not necessarily reflect the views, positions, or official policies of Kinesis.

This information is provided for informational purposes only and should not be considered financial advice. Kinesis assumes no responsibility for any investment or financial decisions made based on the information provided. Please consult with a qualified financial advisor for personalised guidance.

Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
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