I really don’t get this.
What’s the point JP Morgan has been shorting silver for all these years?
Silver went up, so it looks like tossing dollars down the drain, it’s crazy.
Some people say like “JP Morgan shorts silver for the FED because the lower gold and silver prices are, the stronger the U.S. dollar appears to be. If we saw an explosion to the upside in gold and silver prices, it would result in a complete loss of confidence in the U.S. dollar.”; this doesn’t makes much sense in my opinion..
Because a human, regardless of how much power he has, makes errors.
I suppose you could ask what it means for JP Morgan to be short. Does it mean that JP Morgan is using their client’s money to short, or does it mean that they are using their own money to short?
They’ve been short since silver was dirt cheap. They may have the last laugh, however, when this crack-up boom perishes soon.
That’s a lousy way to invest.
You don’t need to be a genius at it when the Fed is your best friend? 
Clearly JP Morgan has lost billions but through the magic of the Federal Reserve System and the fact that the US Federal Reserve Bank can buy anything it wants without having to tell anybody, the answer then becomes simple. The US Fed is buying these derivatives from JPM and HSBC in the attempt to keep silver prices lower.
Why?
The Fed is worried that people in the USA won’t just rise up and start using silver as money. Note the violence used against the Liberty Dollar when it produced a paper currency backed by silver. The US Government at the behest of the Fed moved in and imprisioned the principals in the business. Unfortunately one of the folks was Canadian so the USG could just imprison the poor dude for like ever. So the partners of this fellow just caved and are still probably owed millions from the USG for the silver they stole.
Yea Idk. I made quite a bit of money on silver, however I decided to sell all my shares and gather my profit just a few days ago.
Also of interest, from the Mises Daily regarding China:
“The report also predicts a 20 percent plunge in industrial-commodity prices following such a scenario, which would have serious implications for countries like Australia and Canada, both of which are heavily reliant on mining exports. This is of particular importance to Austrian investors and anyone else looking to such commodities and mining stocks as a hedge against looming American and European inflation.”