When I read the analysis of Eric de Groot below, it seems that everyone is sort of ready accumulating, but there is one problem remaining and that is that the open interest in silver is still to big. So our friends of JP Morgan, who have been given plenty of extra time by the CFTC don't seem to get their act together and may be needing even more extra time.

I would say to them: get that silver running upwards, while bringing down your short position in the process. Then let silver run as long as your long position finally covers the losses you made on your short position and get out of the market for Chr. sake. Would they listen to me?

http://edegrootinsights.blogspot.fr/2013/01/the-invisible-hand-is-master-of-fear-in.html