| The future of a 117-year-old global benchmark determining the price of spot silver is in doubt after its administrator said it would cease operations. The London Silver Market Fixing said it would stop operating the process from 14 August. However, it said a rival firm was interested in taking it over.
It comes after Deutsche Bank, which with HSBC and Bank of Nova Scotia sets the price, said it was quitting. Deutsche Bank said in April it would leave the process, but said on Wednesday it had postponed its departure until 14 August...............................................Full Article: Source
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