The David Lin Report · Monday, June 29, 2026
Jeff Christian dismisses theories attributing silver's price drop to JP Morgan orchestrating large short positions. He explains that as a futures commission merchant, JP Morgan's significant transactions are often on behalf of clients, and criticizes the lack of fundamental understanding in much of the commentary surrounding commodity markets.
“A lot of these people have a fundamental lack of understanding of financial markets. And JP Morgan the bulk of its commodities transactions are for clients because it is a futures commission merchant.”
“So, when you see JP Morgan liquidating 10 million oz on the futures market, they're doing most of that for their clients.”
“So, there's this enormous ignorance built into commentary about commodities, you know.”