The bank's activity in the silver market remains highly scrutinized due to its past legal issues.
: Analysts at J.P. Morgan project silver will average $81 per ounce in 2026, more than double its 2025 average. jp morgan buying silver
: Despite the bullish target, the bank warns that high prices may lead manufacturers to "thrift" (use less silver) in solar panels, potentially capping long-term gains. Controversy and Manipulation History The bank's activity in the silver market remains
: In 2020, J.P. Morgan paid a $920 million fine to settle federal charges of market manipulation, specifically "spoofing" (placing fake orders) in the gold and silver markets. : Despite the bullish target, the bank warns
: Critics argue the bank's massive current stockpile gives it unprecedented power to influence global supply chains and price discovery mechanisms.
: 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.
: In early 2026, the bank was reportedly adding to its position at a rate of 21 million ounces in just six weeks . Market Outlook and Price Targets
