Q: Hi I've heard that banks have manipulated the price of silver is that true?
A:
Yes, depending on what form of silver you are discussing and on what markets.
There have been guilty pleas from individual traders:
https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guilty-attempted-commodities-price-manipulation
https://www.justice.gov/usao-ct/pr/former-precious-metals-trader-pleads-guilty-commodities-fraud-and-spoofing-conspiracy
There are also various private antitrust class and individual actions alleging manipulation of various commodities markets, including silver, such as In re: London Silver Fixing, Ltd., Antitrust Litigation (Case Number 1:14-md-02573, S.D.N.Y.)
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