Each Day JP Morgan Adds Silver Bullion To Its Holdings

Independent analyst • Apr 26, 2017 at 1:13 PM EDT

I realize that precious metals bugs are in despair. Yes, it is an awful market. The question is not whether gold or silver prices go down but how deeply they are going to drop.

Since April 17 each trading day silver prices have been going down. I realize that precious metals bugs are in despair. Yes, it is an awful market. The question is not whether gold or silver prices go down but how deeply they are going to drop.

However, JP Morgan does not care about it. Look at the chart below:

(Click on image to enlarge)

source: Simple Digressions

As the chart shows, each trading day the guys at JP Morgan are adding silver to the bank's vaults at the COMEX.

Interestingly, the accumulation of silver by JP Morgan has just entered its parabolic stage (red circle):

(Click on image to enlarge)

source: Simple Digressions

Disclaimer:

This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.