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The pressure on silver shorts has been relentlessly increasing on a daily basis. On the heels of CFTC's statement of intention to actually enforce antitrust regulations in the silver market, two lawsuits were filed against JPMorgan and HSBC for manipulating the silver price. With the testimony of whistleblower Andrew Maguire and admission that there has been fraudulent activity in the silver market by CFTC Commissioner Bart Chilton, these lawsuits have a much larger chance of success than just a year ago.
One of those lawsuits is seeking group or class action status if enough investors sign up. Silver investors who suffered from losses…
More on silver:
JPMorgan and HSBC now being sued over silver manipulation
Top resource investor Berry: Silver could triple in the next five years
Three new reasons to buy silver that many investors aren't aware of
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