IMC Chicago LLC grew its position in ProShares UltraShort Silver (NYSEARCA:ZSL – Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,588 shares of the exchange traded fund’s stock after acquiring an additional 5,446 shares during the quarter. […]
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April 12, 2021
Precious metals, particularly silver futures and ETFs, are falling Monday, as the futures traders may be reigniting the downtrend to begin the trading week, amid a dearth of headline news to help move markets.
June gold futures dropped $16.50 to trade at $1,728.30 an ounce, while May Comex silver futures declined $0.570 to $24.75 an ounce. The moves have been tougher on silver which is down 2.25% as of almost 3 PM EST.
Technical analysts are suggesting that silver remains in its nearly 3-month downtrend, which could be reasserting itself based on the action from last Friday and today, where prices broke below recent highs near $25.67 an ounce.
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Silver Manipulation: The iShares Silver ETF And J.P. Morgan’s Conflict Of Interest? (SLV, PSLV, AGQ, ZSL, GLD)
Jeff Nielson: JP Morgan (NYSE:JPM) is the largest silver short-seller in the history of the world. JP Morgan is the “custodian” for the largest “long” silver fund in the history of the world, making this one of the largest conflicts of interest in all of history.
If the unit-holders of the iShares Silver Trust (NYSE:SLV) make a small amount of profit on their holdings (per unit), JP Morgan suffers massive losses on its “short” position in the futures market – and then at least