Ok, this isn't simple. JP Morgan has been publicly establishing huge positions long silver. It has involved the SCOTUS already.

However, despite the massive positions at prices up to $200/oz. JP Morgan is actually and secretly colluding to short silver with other players in the global Rothschild fractional reserve banking system. JP Morgan is taking the hit for the team.

Had JP Morgan actually accumulated physical silver, as they are supposed to have, the price would indeed have risen. The price of silver has NOT risen. They do not have hundreds of millions of ounces of silver in their vaults.

They do have paper positions. These positions are being covered. Rothschild controlled banks have accumulated a naked short of around 950 million ounces of silver, covering the losing long positions publicly taken by JP Morgan.

This is not legal, but it's secret, and since it's hemorrhaging cash, who's gonna even believe it?

The belief that JP Morgan has ~350 million ounces of silver in it's vaults creates the assumption, on one level, that they are waiting for the price to break upwards, when they will profit.

For those that are aware of the massive naked short, that huge stash presents a means of protecting the Rothschild position, as huge releases of that hoard (over 7 times global yearly production) would cause the price to plunge - thus making the short position a money maker.

The real game is to crash fiat currency, and drive flight to cryptos, which Rothschild will control. That supposed hoard of silver will prevent flight to silver as a currency when the fiat crash comes.

That's my theory.