JPMorgan Holding 30,844 Ounces of Silver for Clients
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JPMorgan Chase & Co., which accepts physical gold as collateral for trading securities, has become a custodian of Comex silver inventories, according to the owner of the New York exchange.
JPMorgan became a depository on March 17, according to Chris Grams, a spokesman for Comex owner CME Group Inc. The bank had 30,844 ounces of silver eligible for delivery as of March 22, exchange data show. Total holdings in Comex-monitored warehouses were 104.27 million ounces.