: As of late 2025 and early 2026, reports suggest J.P. Morgan holds between 326 million and 750 million ounces of physical silver in its vaults.
J.P. Morgan Global Research has significantly revised its outlook for silver, driven by tight supply and surging industrial demand from the solar and EV sectors. jp morgan buying silver
: Between June and October 2025, the bank reportedly closed out its entire 200-million-ounce "paper short" position (a bet that prices would fall) to acquire physical metal. : As of late 2025 and early 2026, reports suggest J
The bank's activity in the silver market remains highly scrutinized due to its past legal issues. Morgan Global Research has significantly revised its outlook
: Critics argue the bank's massive current stockpile gives it unprecedented power to influence global supply chains and price discovery mechanisms.
P. Morgan's 2026 quarterly price forecasts compared to other major banks?
: Silver reached a historic all-time high of $121.64 in January 2026 before pulling back to roughly $75–$79 by late April.