Do Banks Buy Silver Apr 2026
Large commercial "bullion banks" (such as JPMorgan Chase and HSBC) are heavily involved in the silver market:
Banks often act as custodians for physical silver that backs Silver ETFs (Exchange-Traded Funds). For example, silver in the iShares Silver Trust (SLV) is physically held in secure bank vaults.
They act as market makers, facilitating massive over-the-counter (OTC) trades for high-net-worth clients and corporations.
To reduce reliance on single fiat currencies like the U.S. dollar.
