Borsa İstanbul Issues Critical Warning on Granule Silver Sales: Legal Action for Non-Compliant Transactions

Legal Warning Against Unregistered Silver Sales The Borsa İstanbul Precious Metals and Precious Stones Market Directorate has issued an important announcement regarding the sale of unprocessed silver in granule form.
The statement emphasized that compliance with current legislative provisions is mandatory and that criminal proceedings will be applied to those conducting non-standard transactions.
Authorized Institutions and Legal Framework It was reminded that the sale of granule silver in Turkey can only be carried out through specific authorized institutions.
Transactions conducted through channels other than banks, institutions authorized by the Ministry of Treasury and Finance, refineries listed by Borsa İstanbul, and authorized jewelry businesses are reported to be in violation of legal regulations.
In particular, it was stated that products offered in transparent bags or plastic containers on the internet could face heavy sanctions under Law No.
1567 on the Protection of the Value of Turkish Currency.
Mandatory Standards and Packaging Requirements According to the communiqué published in the Official Gazette on February 23, 2023, the standards that unprocessed granule silver must possess have been clarified.
Accordingly, products must meet the following conditions: A minimum purity rate of 99.9%.
Must be sold in sealed packaging.
The packaging must include fineness information, net weight (excluding packaging), the name or emblem of the producing refinery, and the production date.
The product must bear the phrase "Granule Silver" or "Silver Granules." Borsa İstanbul stated that this practice aims to increase transparency in silver investments and ensure consumer safety, warning investors and industry representatives to avoid methods outside of official channels.