Silver market is on fire! Supply shortage or market manipulation?
Heading into Monday December 29th silver futures witnessed one of the largest plunges it has seen in 5 years. This plunge came on the heels of silver futures making a massive run up to over $80 an ounce. A wild story began to circulate about one of the largest banks in the country receiving a margin call so large that it was going to wipe out all its liquidity. This story turned out to be false… mostly but not entirely. No bank failed. However, JPMorgan did change their trading position, going long in silver futures and the CME group raised its precious metals margins TWICE in one week…
The skinny
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