My supplier of 10 oz .999 has dried up. I contacted him last week to find out how much more was available and he said he would be done selling at this level soon. Anyway, I bought 1 of the last 3 he had for sale today and now they are gone. He was the cheapest 10 oz seller on eBay.
JP Morgan's short position in silver could thus be as high as 3.3 billion ounces if we are conservative, and estimate their position at only 25% of the BIS report numbers. By $500/oz., JP Morgan's short position could be worth a negative $1.5 trillion, and that's just for starters. It could grow worse if they add to their short position, in a misguided attempt to manipulate a market that is clearly moving against them.