Precious Metal News

London Silver Fix

On May 14, 2014 it was announced that one of the three banks involved with the fixing of the price of silver for the London Silver Market would cease to do so as of August 14, 2014.  The announcement fundamentally ends an industry benchmark that has been performed continuously since 1897.

So, what is the “London Silver Fix”, and why do we need it?  The London Silver Market Fixing Ltd serves as a brokerage for mines and refineries to sell silver ...

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