We are now seeing the US treasuries being dumped. The only way to redeem them is if the bank sells gold or silver. You can be sure the BRICS nations have coordinated this dumping so they can purchase gold and silver at the bargain prices of a fire sale. But they will want to take possession of these purchases and not trust them on paper before they attack. So this dumping is a one week warning to the world of what is about to take place. I assume they can take possession in a week but to move this much gold and silver may take a few weeks. If you look at both the gold and silver you can see a huge increase in the volume of trades. Yes, those trades are sells, but there is also someone on the other side of that trade who is buying.
India is cutting the duty on gold and silver to encourage local purchases
This video shows the huge volume in sales. Typically the after hours trading is very thinly. That is why they dumped the silver and gold because trading is so thin you can drive the price way down. Get ready for it to spike up as the whole world wakes up this morning to the sale price of silver and gold.
Think of a diver jumping on a diving board. He goes up, he comes down and then he is propelled up.