The Chinese Are Cutting Their Silver Stakes But JP Morgan Is Still Increasing Its Holdings
For the last three weeks the Chinese have been cutting their silver holdings.
According to the Shanghai Futures Exchange (SFE), the amount of silver held at this entity decreased by 181 tons (5.8M ounces). It looks like the highest Chinese demand for silver is around Y110 (Yuan - the Chinese national currency) per ounce:
On the other hand, JP Morgan is still accumulating silver (no matter at what price):
Disclaimer: This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for ...
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