Large commercial "bullion banks" (such as JPMorgan Chase and HSBC) are heavily involved in the silver market:
They act as market makers, facilitating massive over-the-counter (OTC) trades for high-net-worth clients and corporations. do banks buy silver
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. Large commercial "bullion banks" (such as JPMorgan Chase
Some major institutions have historically accumulated massive physical stockpiles; JPMorgan Chase was reported to have held over 160 million ounces of physical silver in its vaults as a strategic position. 3. Retail Banks: Limited Access Can I Buy Silver From a Bank in 2026? - Westminster Mint do banks buy silver