Requested Update on SLV

As I mentioned last week JPM and I believe one other bank both had short positions on SLV, the rise in volume and price is obviously JPM now covering that short as it has also been exposed that they are being sued along with HSBC for manipulation in the SLV market. 3C is in full confirmation with the short covering and consequent buying that is taking hold.

You can literally see where it began on this chart. There is a relative negative divergence in effect now, it may catch up, or we may see a pullback if it continues lower.