Second Largest Bank Failure in US History

• Silicon Valley Bank (SVB) is the 2nd largest US Bank failure in history.
• At end of Q4 2022 just 2.7% of Silicon Valley Bank's deposits were FDIC insured
• More large volume gold bullion buying data updates by Singapore, China, and other eastern central banks thus far in 2023

In the meantime, price premiums have slimmed and inventory levels on prudent bullion product options remain robust for now.