At Silverback Precious Metals, we keep it simple: we partner with silver investors to drive true price discovery in the physical silver market. We believe that the institutional silver commodities market where trading is dominated by the big banks is broken. People should take their silver back from the institutional vaults!
The silver squeeze in early 2021 exposed many concerning issues in the current silver derivative market. But the system has been broken for much longer than that. Large financial institutions like JPMorgan and Scotiabank have been convicted of criminally manipulating the precious metals futures market and collectively paid over a billion dollars in fines over the past few years. Duetsche Bank, USB and HSBC also paid millions of dollars in fines for manipulating the silver and gold futures markets.
It's time for people to reclaim their silver!