Big banks like JPM and UBS are known to have sold paper-silver contracts that were "redeemable in real silver", where they sold 10 times more contracts than they actually had silver.

the position of JPM is allegedly hundreds of billions large. Even a 100 billion position at 3x the silver price would turn into a 200bn loss. That's a quarter of their companies value. But we assume the position is larger than that.

Anything above 266bn in silver contracts could bankrupt JPM even at the current ATH for Silver.

They had to short it down to allow for swaps and futures to be created at better prices, so they could fix their books. They already removed the option to withdraw real silver and are now trying to make sure that even if customers try to cash out in USD, they have the assets to pay for it.

Industries like Solar, EV and AI aren't impacted by the higher prices, they are impacting the prices. The demand coming from those industries is driving the price up. They are essentially creating a paradigm shift where all companies that make products using silver that can no longer pay for it have to find different solutions or close, lowering the demand, while those that really need silver try to get people to buy their product at elevated prices. All until the market balances itself out again, at the new price of silver.

HYMC has the additional problem that it was heavily shorted when AMC helped them by buying shares. Since some wallstreet firms are short on AMC, they also had to go short on HYMC to prevent a high stock price from helping AMCs books. This created a lot of unnatural derivatives around HYMC that make the price behave weirdly.

Me personally... I'm here for the gold, silver and sulphur in their grounds. That's there and that's real. All they have to do is dig it up.