Did China agree with the US to fix precious metal prices in US Dollars at the Beijing summit?
Thu 9:54 am +00:00, 21 May 2026It’s possible they did.
The week before Trump’s visit silver went on a good rise of 15%. During the visit the rise paused. After the visit the price fell 15%.
Nothing to see there maybe.
But where did the prices land?
Coincidentally SIlver fell to $75 an ounce and has hardly moved since. Gold fell to $4500 an ounce and has hardly budged. These are nice round figures that an American negotiator could easily remember, and monitor.
Then take a look at the new gold to silver ratio based on these two numbers – exactly 60:1 again hardly moving since.
It all seems so neat, it just has to be a deal. American banks are short of silver and need to buy physical silver to get themselves off the hook of price rises. The main seller of silver to the world is China having large silver refineries. Can you imagine China seeing the offering of lower metal prices as being a good trade, if it were to delay the US rush to cut off China from energy imports, and give Trump’s corporate team an apparent negotiating victory? Albeit one that of necessity needs to be kept quiet.
Public buyers tend to buy when prices are rising. By arranging a rise and a fall in price China bought the American Banks time to trade down their short exposures while needing less cash to do so. Dropping the price also has the effect of discouraging silver stackers from buying more metal, ensuring less competition from other buyers.
But if my theory is right, the stackers should not be discouraged. On the contrary!
