As I suspected, JPMorgan needed to load up on physical silver to meet future delivery obligations. How to do it? Drive down the paper price of silver and force physical liquidation out of SLV vaults. Oh, and by the way, JPMorgan is the the custodian for SLV!
http://silverdoctors.blogspot.com/2011/05/jp-morgue-increases-physical-silver-in.html
Friday, May 13, 2011
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