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:
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):
source: Simple Digressions
