Silver just suffered its largest intraday collapse since 1980, plunging more than 32% in a single session. In barely two days, roughly $2.5 trillion in market value evaporated. That kind of move doesn’t happen quietly - and it has reignited a question many investors thought belonged to history.

Is JPMorgan involved again?

This isn’t coming from nowhere. JPMorgan Chase & Co. is the same institution that was fined $920 million by the U.S. Department of Justice and the Commodity Futures Trading Commission for manipulating gold and silver markets between 2008 and 2016. That case involved hundreds of thousands of spoof orders — fake bids and offers placed to move prices before being canceled. Several JPMorgan traders were criminally convicted. That’s documented fact, not rumor.