One of my friends is trying to find one of the podcast he listened to on his plane ride home yesterday for me. It was a pretty in depth podcast on silver. He said that JP Morgan isn’t the controlling factor on the silver price anymore, it’s now China.
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Really due to industrial demand?
Unknown he said. But they have been buying massive amounts of silver for over three years now. Silver purchases do not have to be reported unlike gold. So nobody has been paying attention.