No Bankruptcy M & A, No Market Bottom

As of yesterday's close, Silver spot is about $15.75/oz in US dollar. I still remember the story that JP Morgan took massive amount delivery between $15.5 and $16 several weeks ago. What now? Are they going to take delivery again?

At least one thing is known, that many silver miners are relying on gold byproduct to stay above water; and it's been like that for a good while. The chances are, they're going to keep struggling until some miners go belly-up.

Remember the Wall Street quote,

NO BANKRUPTCY M&A, NO MARKET BOTTOM