A four-year investigation by the Commodity Futures TradingCommission into misconduct in the silver market will likely bedropped due to a lack of evidence, the Financial Times reports.However, the CFTC has not officially concluded the probe. Some U.S.silver investors allege that JPMorgan and other large investmentbanks conspired to drive down the price of silver.
The investigation, which has been going on since 2008, has ledthe CFTC to analyze more than 100,000 documents. The CFTC'sinquiries into the silver market in 2004 and 2008 did not uncoverevidence of wrongdoing.
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