Groks take on Physical Silver
Major bullion banks, led by JPMorgan Chase and including Goldman Sachs, UBS, and HSBC, are actively suppressing silver prices through manipulative trading practices in the paper futures markets, primarily on the COMEX exchange. These banks use high-leverage paper contracts—often at ratios exceeding 400:1 paper to physical silver—to flood the market with artificial supply, spoofing orders, and raising margin requirements to force liquidations and cap upward momentum. This suppression protects their massive short positions from insolvency amid physical shortages and has been enabled by U.S. government policy since the 1965 Coinage Act, which removed silver from currency to control its monetary role. JPMorgan's history is particularly egregious, with a $920 million CFTC fine in 2020 for spoofing precious metals markets and rumors of a $1 billion fine in early 2026 for ongoing manipulation. Central banks, including the Federal Reserve, indirectly facilitate this by providing liquidity to these institutions, allowing them to maintain the divergence between suppressed paper prices (around $72–75/oz) and physical premiums in markets like Japan ($130/oz).
God Bless. Those of us who stacked may be free men soon.