🚨 IS JPMORGAN MANIPULATING SILVER AGAIN?
Silver just suffered its largest intraday crash since 1980, plunging nearly 32% in two days and wiping out $2.5 trillion in value. Many are now questioning whether JPMorgan played a role.
This is not random speculation. JPMorgan was fined $920 million by the U.S. Department of Justice and the CFTC for manipulating gold and silver prices between 2008 and 2016. Their traders placed hundreds of thousands of fake orders to move prices, and several were criminally convicted. This is documented history.
Today, most silver trading happens through futures contracts, not physical metal. For every real ounce of silver, there are hundreds of “paper” claims. JPMorgan is one of the largest players on COMEX and also holds massive physical inventories, giving it influence over both paper and physical markets.
Before the crash, silver was rising rapidly. Many traders were heavily leveraged. When prices began falling, exchanges raised margin requirements, forcing traders to liquidate. This created a wave of compulsory selling.
Who benefits in this environment? Not small traders. Not leveraged funds. The winner is the institution with unlimited capital.
JPMorgan fits that profile.
During the collapse, JPMorgan could:
1️⃣ Buy back futures at much lower prices, locking in profits.
2️⃣ Take delivery of physical silver while prices were depressed.
3️⃣ Survive margin hikes that eliminated weaker players.
COMEX data shows JPMorgan issued 633 February silver contracts during the crash, meaning it held major short positions. The claim is that it shorted near $120 and closed near $78.
Meanwhile, physical silver in Shanghai traded far above U.S. prices. Demand never disappeared. Only the paper price collapsed.
This was not a supply shock. It was paper-driven liquidation.
No one needs to prove intent. The structure itself rewards dominant players during chaos. And when that player has a proven history of manipulation, serious questions are justified.