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J.P. Morgan Vault Doubles Registered Silver Inventories

|Includes:iShares Silver Trust ETF (SLV)

Maybe it means nothing, but I think this is very significant. J.P. Morgan's vault just recorded a doubling in registered silver coming from eligible silver.

You know what that means, allocation of silver, which means someone wants delivery. Open interest will start to come down with the decline in total silver stock.

Be prepared for the reversal in silver price.

Disclosure: I am long AGQ.

Stocks: SLV