'JPMorgan traders bragged about manipulating the silver market', informant says

The price of silver exploded to the upside after March 2010. The large purple arrow on the long-term silver chart marks this date.

Silver London PM Fixed:

Both this lawsuit, and the past lawsuit, claim JPMorgan and HSBC, two firms which they say controlled 96% of all precious metals derivative contracts, conspired to depress the price of silver around "key" dates, like when unemployment data was released.

It's not happening now, both also say, because the Informant went public with his accusations in March, and the CFTC began investigating his claims.

Source: vancouversun.com