JP Morgan Has No More Silver For India FOR REST OF OCTOBER! (And Maybe Even Longer...)

Just a quick Sunday morning update, as Bloomberg published an article yesterday on the London silver crisis that had a few stunning revelations.

Around two weeks ago, JP Morgan Chase & Co. — the largest precious metals trader and an important bullion supplier to the Indian market — told at least one of its clients that it had no more silver available to deliver to India for the month of October, and the soonest it could offer supplies was in November.

I just recorded a video where I shared the highlights, and you can see that here.

I would also highly recommend reading the full article (you can read a free version of it here that doesn’t require a Bloomberg subscription), as there’s a lot of powerful information in there, and I may even do another live stream tonight to go through it more fully.

But I just wanted to pass this along, as I think you would want to be aware of it. Hopefully you’re having a peaceful Sunday morning, and if I do record another video later tonight, I‘ll send it through here as well.


Sincerely,
Chris Marcus