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Credibility of Banks Questionable

The recent banking crisis involving Credit Sussie, Silicon Valley Bank and Signature Bank has put the credibility of banks all over the world into question. The Credit Sussie episode clearly illustrated that even the most reputable banks are ready to pull off an unthinkable bank run within lighting speed timeframe. This complex series of events are supportive of precious metals demand. Gold and silver prices are expected to remain elevated as long as the risk of “imminent financial incidents” remains on the horizon.