This is a big increase very quickly…
According to Ted Butler, Bank of America’s OTC derivatives position on silver derivatives has gone from only $175 million at the end of March 31, 2020 to now over $8.3 billion.
This is a big increase very quickly. According to Butler, Bank of America is now naked short 300 million oz of physical silver that it will have to deliver to JP Morgan at some point in the future.
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