In an amazing admission, CFTC commissioner Bart Chilton has publicly confirmed that efforts have been made in the silver market to manipulate it.
Oct 26 (Reuters) - There have been repeated attempts to influence prices in silver markets, Bart Chilton, a commissioner at the U.S. futures regulator, said on Tuesday.
"There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting.
Chilton said he could not pre-judge the outcome of the CFTC's ongoing investigation of the silver markets, but said public deserves some answers to their concerns. (Reporting by Roberta Rampton and Ayesha Rascoe; Editing by Neil Stempleman) ORIGINAL
Tarek Saab
Trusted Bullion
Tarek Saab is the President of Trusted Bullion and a former finalist on NBC's "The Apprentice" with Donald Trump. He is an international speaker and syndicated author.
