iShares Silver Trust (SLV)

[AlwaysRed]

Bear Sterns. When they went under JP Morgan took over their short position. In order to cover the position they bought as much physical silver they could get their hands on. The last time that the silver price shot up to 50 dollars per ounce, that was JP Morgan buying all the physical silver so they could hedge their silver short position.

https://cambridgehouse.com/news/7696/jp-morgan-may-be-sitting-on-almost-700-million-ounces-of-physical-silver

JP Morgan is the largest physical silver holder in the world. They also have the largest short position.

They own the physical. They have a direct supplier in the miners. The miners sell to them first and any scraps we get.

This will be a very tough battle for anybody trying to squeeze this market. I hope for the best, but prepare to bend over.