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Benzinga
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Did JPMorgan 'Fix' Silver Prices? The Truth Behind WallStreetBets Conspiracy

1. Silver prices hit new all-time highs, surpassing $51 per ounce. 2. JPMorgan engaged in illegal spoofing, distorting silver markets but not fixing prices. 3. Conspiracy theories link JPMorgan's actions to a plot against silver's value. 4. Significant retail buying and inflation fears spurred silver's recent rally. 5. Attention toward silver ETFs like SLV and SIL has increased amidst the rally.

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FAQ

Why Bullish?

Surging silver prices directly benefit SIL, as it tracks silver mining companies.

How important is it?

High silver prices and JPMorgan's manipulation history stimulate interest in SIL and related ETFs.

Why Short Term?

Immediate price rally in silver can boost SIL's performance in the next weeks.

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