Second Largest Bank Failure in US History

  • Silicon Valley Bank (SBV) is the 2nd largest US Bank failure in history
  • At end of Q4 2022 just 2.7% of Silicon Valley Bank's deposits were FDIC insured
  • The bank's stock price started 2022 near $700 a share, now worthless
  • More large volume gold bullion buying data updates by Singapore, China, and other eastern central banks thus far in 2023

We had a slightly mixed week of trading for the respective two precious monetary metals.

The silver spot price rallied a bit to close the week, just over $20.50 oz bid.

The gold spot price climbed on the bank trouble news today, climbing near $1,870 oz bid to finish this week's trading action.

The spot gold-silver ratio climbed a bit on gold' relative strength closing at 91 for the week.

Of course we will continue to monitor and report on future fallouts from this major event in future SD Bullion Market Updates to come.

In the meantime, price premiums have slimmed and inventory levels on prudent bullion product options remain robust for now.

That is all for this week's SD Bullion Market Update.

As always, to you out there.

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James Anderson
James Anderson
Senior Market Analyst & Content

A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.

Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades...