Commodity Trade Mantra

Posts Tagged ‘Silver Holdings’

JPMorgan's Stockpile of Physical Silver Guarantees Higher Silver Prices Ahead

The one factor that just about guarantees much higher silver prices is that JPMorgan Chase, has accumulated the largest privately owned stockpile of physical silver in world history over the past five years – 500 million ounces. All JPMorgan has to do to guarantee that silver prices will soar to the heavens is Nothing; specifically, not sell additional contracts of COMEX silver short on the next big rally.

India's Silver Imports Near Record At A Quarter Of Global Mine Supply

India imported 2,882 tonnes (92.6 million ounces) of silver in the first six months of 2014, down slightly from the previous record set last year at 2,980 tonnes. According to the 2014 World Silver Survey, global silver production around 800 million ounces in 2013. Thus, India imported 23%, nearly a quarter of global mine supply.

JPMorgan Holds Highest Amount Of Physical Silver In History

JPMorgan realized that it was on the wrong side of the trade, after having discovered how tight the physical silver market was. Consequently, the bank had to crush the silver price with their HFT tricks in order to reverse the trend. By doing so, JPM could regain control over the silver market.

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