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The silver market has been steady for few years now. People keep predicting the price is going to increase double digits soon. Keep stacking and buying while the price is low and the mints continue to produce large amounts of silver. JP Morgan is estimated to have 5 hundred million ounces of silver and is able to predict and manipulate the market to profit. There is about 1.5 million tons of silver on the planet and it is a rare metal and hard to find in the earth. JP Morgan holds the most silver of any institution. I think there is a lot of media hype about this information and if hoarding silver drives the market up then that would be great for all silver stackers. I am sure we will see the market rise to $40 plus and institutions like JP Morgan will dump there inventory and the price will drop. That is just theory since JP Morgan has been accumulating silver the last 5 years and the price has been about the same. I am looking forward to a $40 silver market and will take full advantage of it
What is JP Morgan up to? Nothing good I'm sure.