Borsa Istanbul Issues Warning on Granulated Silver Trade and Standard Compliance

Standards and Packaging Requirements for Granulated Silver Borsa Istanbul has published an announcement reminding market participants of the legislative provisions regarding the purchase and sale of granulated silver to ensure order in the precious metals market.
According to relevant legislation, standard unprocessed silver must have a minimum purity level of 99.9%.
Granulated silver offered for sale must be contained in sealed bags.
These bags are required to display information such as fineness, net weight, and the refinery's name or emblem.
Furthermore, products must be labeled with the phrase "Granule Silver" or "Silver Granules" and include the production date.
It was emphasized that the trade of products failing to meet these criteria will not be permitted.
Entities Authorized for Trade The trade of standard unprocessed precious metals within the country can only be carried out by specific institutions.
Authorized entities include: The Turkish State Mint Refineries authorized by the Ministry of Treasury and Finance Banks Precious metal brokerage houses and authorized institutions Jewelry businesses licensed by the Ministry of Trade The announcement noted that trade conducted by unauthorized persons or through non-standard methods poses a threat to market security.
Legal Action for Non-Compliant Transactions Borsa Istanbul stated that silver sales that do not comply with the specified standards and packaging rules constitute a violation of foreign exchange legislation.
Legal proceedings will be initiated against those who violate these rules under Law No.
1567 on the Protection of the Value of Turkish Currency.
While the Ministry of Treasury and Finance is closely monitoring the issue, it was reminded that full compliance with the legislation is necessary to prevent investor grievances and maintain market order.