Huge News folks... kiss $20's Silver goodbye...

JPMorgan Caves And Unwinds Massive, Controversial Silver Position

[link to www.bloomberg.com]

...The decision was made to try to deflect public criticism of its dealings in silver, the FT said. The bank’s silver positions would from now on be “materially smaller” than in the past, according to the paper. Two calls and an e-mail to Jennifer Zuccarelli, a New York-based spokeswoman at JPMorgan, were not immediately answered outside of office hours...


SILVER SPOT MARKET IS OPEN
Dec 14 2010 1:28AM NY Time
Bid/Ask 29.83 29.87
Low/High 29.72 29.95
Change +0.28 +0.95%
30DayChg +3.79 +14.55%
1YearChg +12.44 +71.54%