27
October
Silver Subject to Price Manipulation, Chilton Says (Goldcore in Bloomberg)
27 October 2010 Bloomberg.com
As an investigation of the silver market by the top U.S. commodity regulator entered a third year, a member of the Commodity Futures Trading Commission said today there have been “repeated attempts” to influence prices.
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“It is hard to know how important Chilton’s comments are with regard to the ongoing silver manipulation allegations,” said Mark O’Byrne, executive director of brokerage GoldCore Ltd. in Dublin, in an e-mail. “If the CFTC prosecutes those who may have manipulated gold and silver markets, as Chilton urged today, and violated commodities laws, then it could lead to further volatility and higher prices.”
