JPMorgan Holding 30,844 Ounces of Silver for Clients

http://www.bloomberg.com/news/2011-03-24/jpmorgan-holding-30-844-ounces-of-silver-for-clients-comex-says.html

Let's see:  JPMorgan is the target of several lawsuits for price manipulation of silver.  They are the custodian for the SLV silver ETF, and now a custodian for COMEX physical silver inventory.  Recorded inventory levels are dubious as there are allegedly multiple claims against each ounce of silver.  Yet, the CME fast-tracked JPMorgan's application to be a custodian for COMEX silver.  Allegations from silver analysts are neither the COMEX or SLV has the physical inventory of silver in their vaults that they claim to have.

Sure sounds like the fox guarding the hen house.