Article Image
News Link • Economy - Economics USA

Is J.P. Morgan Getting Squeezed in Silver Market?

• Seeking Alpha
It is widely known that J.P. Morgan (JPM) holds a giant short position in silver. Furthermore, some observers are accusing the bank of acting as an agent for the Federal Reserve in the market - every tick higher in the price of silver undermines confidence in the U.S. Dollar. A lower silver price helps keep the relative appeal of the U.S. dollar and other fiat currencies high. By selling massive amounts of paper silver in the futures market, JPM has been able to suppress the price of the precious metal. It is believed that these short positions are naked (i.e. they are not backed by any physical silver). In fact, reports indicate that JPM is short more paper silver than physically exists in the world.

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Free Talk Live