CFTC's Bart Chilton Admits "Fraudulent Efforts" in Silver Market

In an amazing admission, CFTC commissioner Bart Chilton has publicly confirmed that efforts have been made in the silver market to manipulate it.

Oct 26 (Reuters) - There have been repeated attempts to influence prices in silver markets, Bart Chilton, a commissioner at the U.S. futures regulator, said on Tuesday.

"There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting.

Chilton said he could not pre-judge the outcome of the CFTC's ongoing investigation of the silver markets, but said public deserves some answers to their concerns. (Reporting by Roberta Rampton and Ayesha Rascoe; Editing by Neil Stempleman)

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Tarek Saab

Trusted Bullion

Tarek Saab is the President of Trusted Bullion and a former finalist on NBC's "The Apprentice" with Donald Trump. He is an international speaker and syndicated author.