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« 2017 Silver News April Edition | Main | THE REAL MESSAGE FROM THE GDXJ MESS »
Saturday
Apr292017

Is future regulation impeding silver manipulation?

Fear of regulation may impede bank’s from manipulating London’s silver benchmark

  • New regulations in 2018 have spooked bullion banks and silver fix operators
  • Lack of liquidity in silver fix auction has lead to high volatility in the market
  • Silver benchmark has strayed from spot price multiple times since 2016
  • No new silver benchmark operator lined up to take over in the Autumn
  • No smoke without fire as actions point to silver price manipulation
  • Silver remains suppressed and at a low price for investors stocking up

Simple economics tells us that markets and prices are driven by demand and supply. Unfortunately, this isn’t always the case in the silver market. However, the threat of new regulations may be putting a stop to some bullion banks from fiddling the London silver benchmark.

Silver price manipulation is always a thorny issue and one that has been taken on by academicslawsuits, by veteran silver analyst Ted Butler and by the Gold Anti-Trust Action Committee (GATA). As we have reported previously, allegations of silver price manipulation are far past the point of rumours, in the last couple of years bullion banks have been called to account for their behaviour. Deutsche bank even agreed to settle out of court and pay $38m, in response to a class-action lawsuit.

But it seems the rising attention (and cost) of manipulation by silver bullion banks is not the only thing that is putting a stop to a behaviour that has been evident forover a decade. Reuters reported yesterday that fear of being accused by regulators of market manipulation has resulted in participating banks being reluctant to add liquidity during the daily auction.

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