Borsa Istanbul Sets Procedures and Principles for Granular Silver Trade

Legal Framework and Standard Definition The Borsa Istanbul Precious Metals and Precious Stones Market Directorate has issued a statement clarifying the legal framework and technical requirements for granular silver trade.
Under Decree No.
32 on the Protection of the Value of Turkish Currency, silver must have a minimum purity of 99.9% to be classified as "standard unprocessed." This definition includes silver in the form of bars, ingots, or granules that meet the specifications set by the Ministry of Treasury and Finance.
Trading Authority and Commercial Rules According to the regulation, only standard unprocessed metals produced by the Turkish State Mint, Ministry-approved refineries, and foreign refineries listed by Borsa Istanbul can be traded domestically.
Trading operations for these metals will be carried out through the following organizations: Banks Authorized refineries Precious metal brokerage houses Authorized institutions Jewelry businesses authorized by the Ministry of Commerce Under the new standards, products must be contained in sealed granule bags.
The bags must display the purity level, net weight (excluding bag weight), refinery name or emblem, the phrase "Granule Silver" or "Silver Granules," and the production date.
The Ministry of Treasury and Finance maintains the authority to determine the characteristics of these metals and to take necessary measures regarding the process.