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Here's What the New Silver Price Fix Means for Prices
The much-maligned London silver price fix is out after 117 years, and the new London Bullion Market Association silver price is in.
And market observers are hoping that this new procedure for setting the silver price global benchmark will bring some much needed transparency to the process.
Silver pricing could definitely stand to gain from more transparency, following a century-old mechanism that involved three banks negotiating prices in secret.
The much-maligned London silver price fix is out after 117 years, and the new London Bullion Market Association silver price is in.
And market observers are hoping that this new procedure for setting the silver price global benchmark will bring some much needed transparency to the process.
Silver pricing could definitely stand to gain from more transparency, following a century-old mechanism that involved three banks negotiating prices in secret.