"JPM is still massively short silver."

And they can't do anything about it because they probably need a price in the neighbourhood of 5$ to completely cover. Had they been successful of lowering it that low they still would not be able to cover because the Chinese and even yours trully would buy all the silver ( real silver mind you ) that they could.

For the record, While most of my silver interest is in AUM I have bought some canadian one ouncers at current prices for diversification's sake.
Would any of you here pass up a chance to buy more of the real stuff should the price dip profoundly? Hence my argument that JPM can't cover and their butt is being fried.