So this silver was already paid for & not offered to private buyers?
The large amount of physical silver sold this week was delivered by major banks, particularly JP Morgan and Citi, which took ownership of over 1,000 COMEX silver futures contracts that expired into physical delivery. This unprecedented volume of physical silver delivery—especially involving institutions with a history of market influence—has raised concerns about supply constraints and systemic risk. According to investigative reporting, JP Morgan Chase is on the hook to deliver over 5,900 tons of silver it does not currently possess, creating a massive short position that may be driving market volatility. This delivery surge coincided with a sharp drop in silver prices, as the physical metal moved from futures markets into institutional vaults.
They are selling the peak, crashing the market and letting anyone who jumped in late buy more or buy at all. I'm actually wanting to buy some now that this is happening.
Um, anyone who sold it for more than they paid for it.
I bought the dip.
So this silver was already paid for & not offered to private buyers?
The large amount of physical silver sold this week was delivered by major banks, particularly JP Morgan and Citi, which took ownership of over 1,000 COMEX silver futures contracts that expired into physical delivery. This unprecedented volume of physical silver delivery—especially involving institutions with a history of market influence—has raised concerns about supply constraints and systemic risk. According to investigative reporting, JP Morgan Chase is on the hook to deliver over 5,900 tons of silver it does not currently possess, creating a massive short position that may be driving market volatility. This delivery surge coincided with a sharp drop in silver prices, as the physical metal moved from futures markets into institutional vaults.
AI-generated answer. Please verify critical facts.
So JP and Citi have to delivered the metals because the buyers demand physical? Is that my understanding.
Not only THAT, Lion-o...
Keep in mind that January is NOT a regular delivery month!
Wait until everyone sees what's going to happen mid-February into March...
Backwardation EXTREME!
u/#catdance
Y'all.
They are selling the peak, crashing the market and letting anyone who jumped in late buy more or buy at all. I'm actually wanting to buy some now that this is happening.
Keep it going!
ANONS !!!
ANONS who missed out buying it at. 20, 30, 40, 50, 60, 70 can still get into the action at 80.
My metal mining stocks have plummeted
They dig silver out of the ground at around 20 per oz.
https://greatawakening.win/p/1ARws5ifgr/this-is-why-goldsilver-dropped-t/