Silver Is On A Tear Today

Oh noooooo. Did Genius Jamie make a boo-boo?

 

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No, the article confuses Open Market Operations via the SOMA and seasonal liquidity injections with the silver market.

I could just as easily say the injections of $$$ were meant to expedite more baseball FA signings this off-season.

BTW, Jamie Dimon is a great CEO.

 

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"...the company revealed it is on the hook to deliver more than 5,900 tons of silver it doesn’t have..." DCReport
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This is not the case? ^

 

Un-huh...

 

If you have a better CEO in banking, go ahead name him or her.

JPM is the gold standard of banks....like Chemical Bank was referred to as "Old Bullion" in the 19th and early-20th centuries.

Stock has outperformed 99% of all publicly traded banks, despite being the largest.

 

Who are they talking about...who is "the company" ??

 

Edit

 

Yeah I can tell he's a real genius.

https://www.cnbc.com/2025/09/29/jpmorgan-chase-frank-charlie-javice-sentencing.html

 

Sounds like JP Morgan is the company.

"...JPMorgan Chase & Co. , the bank’s parent, is of particular concern because in mandatory disclosures, that few journalists examine but our Jim Henry did, the company revealed it is on the hook to deliver more than 5,900 tons of silver it doesn’t have. Tradeable silver is relatively scarce right now, government data shows.

The bank sold contracts for silver it didn’t own, expecting the price would fall. Then it planned to buy the contracts back for less, making a profit by selling high and buying low. This risky practice is known as “short selling..." D C Report

https://www.dcreport.org/2025/12/29/ny-fed-unlimited-cash-infusions-bank-crisis/

 

Headed up. Again.

 

Friday silver went up to the mid seventies.
Monday is dropped to $72.
Last night it’s back up to more than $76. Wild swings in the markets these days.

 

Didn't it touch $80 on Sunday night?

 

I think it was close to $85 at one point.

 

Back up $4.45 (to $75.64) as of this post.

 

My point was that raising margins wasn’t going to help Ampex meet delivery demands. Turns out it was only a speed bump that is in the rear view mirror
Didn’t fix the hole in the dike

 

I love the big band era.

 

Good morning fellow space travellers.....