Take a look at BrotherJohnF's analysis - http://www.youtube.com/watch?v=Y--jCrDOSjk&feature=player_embedded
1/3 to 1/4 of all the silver mined in the world during the year was sold in 1 minute on the Comex yesterday around 2:03 PM.
That is 250 million ounces of silver sold in one minute @ $40/ounce = $10 Billion of silver sold in 1 minute.
They front ran silver and telegraphed their traders that this was about to occur. Desperation by JP Morgan to sell this much paper. The Comex is so corrupt.