Thursday’s London silver fix settled approximately $.80 cents off the March future price.
The LBMA silver fixing price fixed at $13.58 when spot was quoted around the $14.37 area.
The fix now is set by an electronic auction platform replacing the old system where banks could add liquidity in the event the bid / offer balance did not match.
The benchmark platform is maintained by CME group and Thomson Reuters and the LBMA has rights over the data. (see auction data below)
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