[Vince Ferrer]

The large banks who are short silver have been starting to cover their short positions. I think the key is that this is May Day, Labor Day in most countries, where the markets will not be open. If JPM shorts the market down to cause margin calls, they will be covering their shorts tomorrow as longs who have margin calls will have to sell to JPM.

China has recently been the floor under the price, but they will be closed today, so its all JPM's to buy.

[PA Engineer]

Totally agree. It was predicted by their margin moves up from 1% to 5% on Friday. I believe this was 3 minutes before closing. This was a slaughter. Funny how physical bullion has moved very little amongst the dealers. What a criminal enterprise we have going here.