Jim rogers, an internationally renowned investment guru, recently pointed out: "This is not the end of the silver market. I want to buy more silver. "

For most investors who chase after silver, the "doomsday" is within reach-only in the week of May 6, ProShares Ultra Silver(AGQ) with double silver plunged by 5 1% a week, and the leveraged silver ETF fell by about 30%, but the losses of more investment institutions will never be less than them.

Who created this tragedy?

Around the silver futures price manipulation cases of J.P. JPMorgan Chase and HSBC Holdings Inc, a new round of silver short sniping and anti-sniping is quietly uncovering the mystery.

Empty the "investment bank"

"If you come out to mix, you always have to pay it back." At the end of the interview, Zhang Gang, an American commodity investment hedge fund, made a summary.

Every Friday night, Zhang Gang will check CFTC's latest Zhou Du location report for the first time. Since the end of June last year 165438+ 10, two silver futures traders, Brian Beatty and Peter Laskaris, have filed a lawsuit in Manhattan federal court, accusing JPMorgan Chase and HSBC Holdings of conspiring to suppress the price of silver futures and extracting hundreds of millions of dollars in illegal income from it. Paying attention to silver futures became a pleasure for him.

"I am watching a war between investors, JPMorgan Chase and HSBC," he said. Since March last year, silver has risen by about 175% and gold by about 60%. There are unusual specific factors behind the huge difference between the two.