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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Here’s What the New Silver Price Fix Means for Prices

Posted on 15 August 2014

The much-maligned London silver price fix ended (Thursday) after 117 years, and market observers are hoping the new pricing mechanism will herald an era of true and transparent silver price discovery.
Silver pricing could definitely use more transparency, following a century-old mechanism that involved three banks negotiating prices in secret. The three member banks were facing lawsuits after accusations arose that they were manipulating prices, so it’s no wonder that some are expecting a free market transition………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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