Free Republic

JPMorgan traders went to federal prison for spoofing (2008–2016). Regulators prosecuted eight banks (2016–2023). Then the 2025 rally to $83/oz showed what happens when supply deficits meet a previousl Between 2008–2016, major banks systematically manipulated silver markets through spoofing and price rigging. Regulators caught them: eight banks paid $1.27 billion in fines (enforcement 2016–2025), two JPMorgan traders served federal prison time (sentenced 2023). Then in 2024–2025, silver rallied 260% to $83/oz, and new short positions collapsed. This is the complete timeline of manipulation, prosecution, and the rally that vindicated the prosecutors. The Complete Timeline Phase 1: The Manipulation (2008–2016) Eight...

I first cover the price of silver at the Shanghai Gold Exchange. Then, I present a spreadsheet of 10 dealers I asked how much their 1 kg silver bars were selling for. I also show 6 clips of me interacting with some of the vendors. Note that on the second clip, the first part was about indium ingots.

Reality does not negotiate. There are decisive geostrategic consequences of the two Gates of Silver closing at the same time. The first Gate of Silver that closed is that the world’s silver price is now the price of physical silver, which is fixed largely in Shanghai and in Chinese Yuan (CNY), not US Dollars (USD). The second Gate of Silver that closed is that as of January 1st. China not only dominates the world’s silver refining capacity no matter where silver is mined, it requires a permit to export silver, so Beijing decides to whom silver can be exported. For...

Is silver pricing manipulated? AI gives an answer.” How much manipulation in silver’s price can now be identified? Identifying the exact extent of manipulation in silver’s price is challenging because it involves a mix of verifiable data, allegations, and market dynamics that are not fully transparent. However, based on available evidence, expert analyses, and historical cases, we can outline some key areas where manipulation has been identified and discuss how much it might influence silver prices as of February 22, 2025. Evidence of Manipulation Historical Legal Cases: JPMorgan Chase (2020): JPMorgan paid a $920 million fine after admitting to “spoofing”...