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Silver Bank is an area in the Atlantic Ocean north of the Dominican Republic and southeast of the Territory of Turks & Caicos. It is separated from Mouchoir Bank in the west by Silver Bank Passage, and from Navidad Bank in the east by Navidad Bank Passage. It is a shallow underwater area that almost reaches the ocean's surface in most areas (60 feet deep in the shallow parts), but is mostly submerged. In its northern reaches many coral heads reach the ocean surface, especially at low tide. Also, amongst the coral heads is the wrecked freighter Polyxeni, most of which is above the surface. Persons can board the Polyxeni only with governmental permission.