The short answer is , but they rarely do so as a retail service for the general public. Instead, their activity is largely institutional, driven by central banks or large commercial bullion desks. 1. Central Banks: Reserve Diversification
Because of silver's critical role in electronics and green energy (like solar panels), some nations view it as a strategic industrial asset. 2. Commercial and Bullion Banks: Market Making do banks buy silver
Central banks are the most prominent institutional buyers of precious metals. While they overwhelmingly favor gold as an official reserve asset, some do hold silver to: The short answer is , but they rarely
To reduce reliance on single fiat currencies like the U.S. dollar. While they overwhelmingly favor gold as an official
Large commercial "bullion banks" (such as JPMorgan Chase and HSBC) are heavily involved in the silver market: