Five Years that Changed Silver Forever
Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. What you will not hear is how a specific development has transpired over the past five years- the largest U.S. bank, JPMorgan Chase, began to accumulate massive amounts of physical silver, an amount somewhere between 400 and 500 million ounces, the largest privately held stockpile of silver in history. They are positioned to make $100 billion or more in a runaway silver market. They will make $1 billion on a $2 rise in silver.
What this means is that the future price of silver is now destined to move far higher in price than anyone can imagine.
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