CFTC and Silver

The CFTC, or the Commodity Futures Trading Commission regulator is putting pressure on the agency to take action of a two year investigation involving controlling silver prices.

According to the Wall Street Journal, "market players have made "repeated" and "fraudulent efforts to persuade and deviously control" silver prices."

Yesterday, silver traded up 28 cents, and today silver rose another 23.1 cents.

More from the WSJ, "Over the past two years, silver prices have bounced around, rising to around $20 just before the May 2008 CFTC report, then dropping through the rest of that year to around $9. In 2009, silver prices climbed back to just under $20.

This year, silver prices have soared 41.6% amid a lower US dollar and rising concerns over inflation.

Despite silver's lofty price, some analysts and other suspecting manipulation believe the metal should be trading at far higher level."

It is not clear what impact the CFTC will have on sliver prices, but as the Journal states above, some analyst expect the price of silver to rise further.

Hopefully, if this happens, it will increase the price of our SLW stock.