The Silver Endgame
The Silver Endgame Contemplative Christmas Days While many European stock exchanges remain closed on December 26, a tsunami is rolling through Asia and the United States. Today alone, the silver price rose by 10%—after already gaining 130% since the beginning of the year. What is behind this? One of the world’s largest banks, JP Morgan, is said to have relocated its entire global precious metals team to Singapore by the end of 2025. However, there is no official confirmation from respected newspapers such as the Financial Times , Reuters , or Bloomberg . JP Morgan itself has also not released any official press statement on the matter. On the contrary: industry sources and reputable financial news agencies describe these reports as “unconfirmed market speculation” and “rumors” based on an alleged leaked internal email. It is well known, however, that JP Morgan has operated precious metals vaults there since 2010 and has maintained an FX and precious metals tr...