Comment: For over a century fixed

(See in situ)


For over a century fixed

For over a century fixed daily pricing of silver has been available through the operations of London Silver Market Fixing Ltd. For many in the industry fixing has been quite beneficial. This Friday shall be the last day that London Silver Market Fixing Ltd will do its "fix" thing. Silver [and gold] industry folks have been developing a new fixing mechanism to replace the one that ends on Friday. The new mechanism will roll out on the same day the old one folds this Friday.

Here's the best overall article I've found so far explaining what is going on...
http://www.wealthdaily.com/articles/silver-price-fix/5236