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Raids on gold and silver in London and New York just fuel Chinese demand, Maguire tells LFTV
2:25p ET Friday, November 14, 2025
Dear Friend of GATA and Gold (and Silver):
Outflows from the silver exchange-traded fund SLV are bullish, not bearish, for silver prices, London metals trader Andrew Maguire says on this week's episode of Kinesis Money's "Live from the Vault" program, because the metal is being used to cover short positions elsewhere.
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Maguire adds that the frequent raids on gold and silver with futures shorting in London and New York are just fueling demand for real metal for shipment to China. As a result prices next year are likely to be much higher than now expected.
The program is 45 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=IOFx6MTEpYE&t=23s
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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