Market Overview

Silver price manipulation probe not over: Chilton

"I continue to believe, consistent with my previous statements and information from the public, that there have been devious efforts related to moving the price of silver"

A report a week Monday that the Commodities Futures Trading Commission (CFTC) would drop its four-year-old probe on silver price manipulation may have been premature.

According to the Financial Times, the CFTC was supposedly unable to find enough evidence to support the claims after reviewing 100,000 pages of documents and interviews. But Bloomberg News reported last Wednesday that CFTC Commissioner Bart Chilton said silver price manipulation did occur, and he's intent to find it.

"I continue to believe, consistent with my previous statements and information from the public, that there have been devious efforts related to moving the price of silver," Chilton wrote to Bloomberg. "There have also been silver and gold market anomalies outside of the silver investigate window that have raised, and continue to raise, market concerns."

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