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<p>[QUOTE=&quot;medoraman, post: 1316523, member: 26302&quot;]Its a common misconception, and is reported badly by reporters who cannot be bothered to actually have to learn something.</p><p><br /></p><p>JP Morgan is the market maker for silver. To do that they have to have derivatives of silver, &quot;paper silver&quot;. How do you do that? The easiest way is to sell &quot;paper silver&quot;, or short it. This is completely normal function of their business. It is also very normal to have more derivatives than physical assets to facilitate liquidity in the market and prevent anyone from &quot;cornering&quot; a market.</p><p><br /></p><p>Beyond that, its debatable as to whether the levels are appropriate or not. But, people not having Financial knowledge and not understanding the points I listed above is the start of much of the PM conspiracy theories. Knowledge trumps bad reporting, unfortunately most do not know these facts.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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