In April of this year, 2016, Deutsche Bank admitted to manipulation of the silver and gold markets signed binding agreements to settle the lawsuit that had been brought against them over this issue.
The bank was one of six banks that were sued over the price-fixing of precious metals.
One of the terms of the settlement was that Deutsche Bank would assist the plaintiffs in their pursuit of similar claims against other banks.
The other banks being pursued by silver and gold futures traders are HSBC holdings PLc, Bank of Nova Scotia, UBS AG, Barclays PLC and Society Generale SA.
According to Bloomberg “the traders alleged the thanks abused their position of controlling daily silver and gold fixes to reap illegitimate profits from trading and hurting other investors in those markets who use the benchmark in billions of dollars of transactions.”
Deutsche Bank settled this case for $60 Million. This is definitive proof that the silver and gold markets are manipulated.