Feds Investigate Silver Manipulation Outrage... Whoopee, Silver can now move unencumbered!

Two of the world's largest investment banks, HSBC Holdings (NYSE: HBC) and JPMorgan Chase (NYSE: JPM) are embroiled in a scandal involving the manipulation of silver prices.

The two firms are accused of acting to depress silver prices in order to increase the value of their downside bets against the price of the metal.

With lawsuits pending against the banks, the Commodity Futures Trading Commissioner Bart Chilton recently announced that there have been "fraudulent efforts to persuade and deviously control" silver prices.

The news is great for silver investors - as these two banks are forced to cover or abandon their short positions, they'll bid up the price of silver even further.

Already this year, as the banks have reduced their short-side bets, the price of silver has risen nearly 50%.

Great for SLW, PAA, FR, SSO, SVM and… you got anymore?

Happy days are here for them, Oh the Silver Guys gonna rake it in ....