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This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.
Reports on X and Economic Times of India are emerging that JP Morgan is positioning itself with a historic PHYSICAL SILVER STOCKPILE. If true this is a major event for silver The Economic Times of India : "JP Morgan is going long on silver and making history. The bank now holds over 750 million ounces of physical silver, the largest stockpile in the world. In just six weeks, it added 21 million ounces. That’s a staggering move in a market already under pressure. Between June and October, JP Morgan reportedly sold off its entire 200-million-ounce paper short position. This freed cash to acquire physical silver, leaving the bank long in both physical and paper silver for the first time ever. Experts say this is a rare and powerful market position. The move coincided with the U.S. Mint announcing a shortage of silver coins. Physical supply is tightening while demand is rising. JP Morgan is holding real silver, not paper contracts. This is a key difference from the Hunt brothers’ attempt to corner silver in 1980. Back then, reliance on paper contracts led to intervention and collapse. JP Morgan’s approach reduces risk of regulatory disruption. Source: Economic Times of India, Silvertrade
Silver is trading above $61 for the first time in history, tracking a colossal +110% gain in 2025—the second-best year on record! 💥 THE 8 FORCES DRIVING THIS PARABOLIC MOVE: CHINA SUPPLY COLLAPSE: SHFE inventories are at a 9-year LOW! Massive exports are draining the world's key bullion hubs. LONDON LIQUIDITY CRISIS: Even with record inflows, market liquidity is strained, and borrowing costs are stubbornly ELEVATED. TRUMP TARIFF SCARE: Traders pulled huge quantities into the US on anticipation of potential tariffs, tightening the London market even more. INDIA'S APPETITE: Accelerating demand from one of the world's largest consumers is intensifying the squeeze. RETAIL RUSH: ETF inflows are heading for their 10th positive month, and call options on the largest silver ETF are SPIKING. The crowd is piling in! FED RATE CUT BETS: Falling borrowing costs make non-yielding assets like silver IRRESISTIBLE compared to cash and bonds. SOLAR BOOM: Rising industrial demand, especially from photovoltaic installations (peak season!), is consuming physical metal at an alarming rate. CHINA TAX SHIFT: Tax changes on gold pushed investors directly into silver's welcoming arms. Meanwhile, the Gold-to-Silver Ratio is plummeting to 2021 lows. Source: Global Markets Investor, David Ingles, Bloomberg
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