HOTLINE: End of LBMA Silver Fixing takes LME brokers back – and forward

When the LBMA's London Silver Fixing ends in August, how will the world’s physical silver market price its contracts?

“As part of our role as the trade association for the London bullion market, the LBMA has launched a consultation in order to ensure the best way forward for a London silver daily price mechanism,” Ruth Crowell, the LBMA ceo, said in a statement. “The LBMA will work with market participants, regulators and potential administrators to ensure the London silver market continues to serve efficiently the needs of market users around the world. As part of the consultation process, the LBMA will be actively approaching market participants requesting feedback.” LME brokers asked...

Published

May 15, 2014

15:40 GMT

London