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Monetary metals industry coalition urges Congress to pass SILVER Act
From Money Metals News Service, Eagle, Idaho
Thursday, June 11, 2026
A broad coalition representing dozens of key stakeholders across all segments of the U.S. precious metals industry formally called on Congress today to advance the System Integrity through Licensed Vault Expansion & Resilience Act (SILVER Act), bipartisan legislation designed to address national security risks by strengthening the resilience, competitiveness, and geographic diversity of America's precious metals market infrastructure.
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The Precious Metals Industry Coalition for Market Security and Access, whose members include U.S.-based depositories, mints, dealers, refiners, miners, logistics providers, banks, insurers, and investors, submitted a letter to congressional leaders highlighting what it describes as a significant and underappreciated concentration and security risk within the nation's regulated precious metals delivery and settlement system.
The current structure of exchange-approved precious metals depositories concentrates regulated futures market storage capacity within a small area around New York City, creating vulnerabilities for financial markets, supply chains, and national security. ...
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