Silver Price Manipulation
This case alleges that the defendants conspired to manipulate the global silver markets for many years to their own benefit and to the disadvantage of class members.
The defendants are some of the largest financial institutions and silver market makers in Canada and across the world, including Scotia Bank, Barclays, Deutsche Bank, HSBC, and UBS.
The defendants allegedly used their special position and market power within the global silver markets to conspire to use various illegal methods to manipulate the price of silver.
The court will decide at a later date if the case will proceed as a class action.
The case seeks to represent persons in Canada who transacted in silver market instruments such as silver bullion or silver bullion coins, silver futures contracts, shares in silver ETFs, silver call options, etc. between January 1, 1999 and August 14, 2014.
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