**Silver Reckoning: The US is Squeezing China

Contents

1. China’s Five-Year Offtake Strategy

2. The U.S. Response Begins at the Refinery Level

3. The Significance of Vanishing Hedges

4. China’s Bid for Finished Metal

5. Section 232 and the Mechanics of Price Before Policy

6. Silver’s Role as Brics Collateral

7. A Hemispheric Realignment

8. Conclusion

9. CHINA SILVER PRICE IS GLOBAL PRICE NOW

Follow up analysis to the podcast with Eric Yeung yesterday