JP Morgan- long believed to the largest short of the gold & silver markets (allegedly at the behest of the US Gov’t) reportedly has closed its ENTIRE 200 Million oz naked short silver position, & flipped LONG 750 MILLION oz- THE LARGEST PHYSICAL SILVER STOCKPILE IN THE WORLD!
– JPM’s Move Coincided With the US Mint Announcing a Shortage of Silver coins
The shocking Economic Times report explains why silver has FINALLY been UNLEASHED after DECADES of suppression!
We have always known that JPM would flip long when the END GAME finally arrived for silver manipulation.
It looks like that time is NOW.
Buckle up boys and girls…
The Economic Times reports:
“Is JPMorgan hoarding silver? Here’s what it means as reports claim the bank has been stockpiling the precious metal JP Morgan is going long on silver and making history.
The bank now holds over 750 million ounces of physical silver, the largest stockpile in the world. In just six weeks, it added 21 million ounces.
That’s a staggering move in a market already under pressure. Between June and October, JP Morgan reportedly sold off its entire 200-million-ounce paper short position. This freed cash to acquire physical silver, leaving the bank long in both physical and paper silver for the first time ever. Experts say this is a rare and powerful market position. The move coincided with the U.S. Mint announcing a shortage of silver coins.
Physical supply is tightening while demand is rising. JP Morgan is holding real silver, not paper contracts. This is a key difference from the Hunt brothers’ attempt to corner silver in 1980. Back then, reliance on paper contracts led to intervention and collapse. JP Morgan’s approach reduces risk of regulatory disruption.”
Historically, the bank’s aggressive short-selling on exchanges like COMEX has been accused of suppressing silver prices through the creation of vast paper supply via the derivatives market.
If this report is correct- and based on silver’s trading action since October we suspect that it is– By unwinding this position entirely—leaving zero short contracts for the first time—JP Morgan has not only neutralized its role as a market antagonist but also signaled profound bullish conviction.
Translation: Jamie Dimon & his boys saw the WRITING ON THE WALL, and knew that silver prices could no longer be effectively suppressed after they had already lost control over gold price suppression.
As SilverTrade reader Joe Lange explains,
“JPM just cut bait. They cut the legs out from under the Wall Street banks that borrowed SILVER from them to short. That’s where JPM is getting the huge amount of “cash.” They leased their SILVER to Wall Street banks, so they could short SILVER at a much lower price and now those same banks are being FORCED to “buy back” the SILVER they borrowed at much higher prices, resulting in huge losses. That likely explains the FED sudden massive debt purchasing and huge injections of cash in the banks REPO market. JPM threw those other banks overboard and is more worried about saving themselves. More evidence that a banking crisis is right around the corner.“
JP Morgan’s flip coincides with tightening fundamentals, including U.S. Mint coin shortages and COMEX open interest exceeding registered silver by 244%, where lease rates have spiked 40% in October, and remain historically elevated at 8% in early December.
The result is an immediate liquidity infusion into the physical market, as the bank redirects capital from speculative shorts to outright ownership, exacerbating existing supply deficits and paving the way for a structural revaluation of silver’s worth.
The acquisition of 750 million ounces of physical silver, the largest stockpile in history and equivalent to nearly a year’s global mine production, catapults JP Morgan into a position of unprecedented market dominance, capable of engineering a supply squeeze that could propel prices to levels unseen since the 1980 Hunt Brothers saga—adjusted for inflation, potentially over $600 per ounce.
This hoard, amassed stealthily through COMEX vaults and ETF custodians like SLV, dwarfs previous accumulations and positions the bank to profit immensely from any upward price momentum, while smaller players scramble for dwindling above-ground stocks estimated at just 1.5 billion ounces total.
For the physical silver market, the implications are transformative: industrial users in solar, electronics, and EVs—projected to consume 1.2 billion ounces in 2025 alone—face heightened premiums and delivery risks, potentially triggering hoarding and rationing.
Retail investors, long squeezed by paper manipulation, now benefit from a more transparent price discovery as the reversal of JP Morgan’s long bias could accelerate a feedback loop of rising spot prices, margin calls on lingering shorts from peers like HSBC and UBS, and a broader flight to hard assets amid geopolitical & inflationary fears stoked by the Fed’s resumption of QE.
In essence, this maneuver doesn’t just signal a bull market; it weaponizes physical scarcity & could lay the foundations for a new US Strategic Silver Reserve.
