The Silver Fix is Dead ? What’s coming up next ?

Last week, the big news in the silver space came courtesy of the London Silver Market Fixing (LSMF), which said on Wednesday that it will stop administering the London silver fix at the end of the day on August 14, 2014.

A Q&A included in the private company’s press release manages to be both informative and vague. For instance, while it’s crystal clear about the fact that business will continue as usual until the date named above — after which time “a daily Silver Fixing Price will no longer be published by the Company” — it offers no information about what its decision may mean for market participants.

Indeed, it states that “the Company is not in a position to comment” on what will happen to those “with contracts referencing the Silver Fix,” also noting that its “decision relates only to the London Silver Fixing,” meaning that it can’t comment on the fate of the fixings for gold, platinum and palladium prices.

More reading

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The Silver Fix is Dead ? What’s coming up next ? was first posted on June 2, 2014 at 10:51 am.
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