JP Morgan has accumulated 139 million ounces of silver at average cost of $20.7/oz

Many people who have been stacking physical metal probably are aware of the fact that JP Morgan did not have its own Comex vault for physical silver before July, 2011 and since July, 2011 when JP Morgan opened its own Comex vault for business, it has accumulated large amount of silver either for its own account or for its clients.

Based on data as of today, JP Morgan has accumulated an astounding 139 million ounces of silver at an average cost of $20.7 per ounce.

It will be very interesting to see whether JP Morgan would be accumulating crypto coins in the next several years when crypto coins linger in bear markets.

It will be even more interesting to see what JP Morgan will do to its large silver holdings.